Bitcoin Hits $69K High, Raising Prospects for Risky 'Altcoin' Cryptos

Bitcoin hit an all-time high price over $69,000 this week, sparking speculation that investment may flow into alternative "altcoins"
In past crypto rallies, profits from bitcoin flowed into more speculative assets like ethereum, NFTs, and decentralized finance tokens
Bitcoin's share of the total crypto market value can fall below 50% during "alt seasons" when money chases big gains
Some experts believe bitcoin's rise into mainstream ETF products may dampen investor demand for altcoins this cycle
Critics warn that altcoins remain highly risky speculative investments, just like last crypto bubble; collapses could still occur