Global markets reacted positively to a lower-than-expected Consumer Price Index report. Bitcoin gained 4.13%, attracting investor interest and nearing the $100,000 mark, while concurrent gains in the S&P 500 and Nasdaq suggest a beneficial environment for altcoins.
With Bitcoin’s dominance slipping from 58.6% to 57.4%, QCP Capital believes an altcoin season could commence, marking a notable shift of profits towards Ethereum and alternative assets, provided Bitcoin maintains stability above the 57.3% threshold.
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