Bitcoin’s price surged to an all-time high of 125,506 USD, boosting its dominance to 59%. Experts believe altcoin season is merely delayed. A drop in Bitcoin dominance below 55% could signal a shift toward altcoins, but for now, positive sentiment prevails.
Key factors supporting Bitcoin’s rise include increased stablecoin market cap and 1 billion USD released from FTX. Experts note that while altcoin season remains on hold, it’s not cancelled, contingent on Bitcoin’s performance and market rotations.
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