Bitcoin dominance has decreased to 63.89%, signaling the start of an altcoin season. Ethereum rose 13%, while SOL, DOGE, and ADA gained over 6%. The ETH/BTC ratio bouncing back indicates traders may be rotating their investments into altcoins.
The CoinMarketCap Altcoin Season Index climbed from 23 to 36 in just four days, suggesting a shift towards altcoins. This change in dominance could mark a significant transition in the cryptocurrency market as many traders anticipate an altcoin season.
Leave a Reply