Bitcoin Holds 60% of the Market: Is Altseason Starting?

user avatar

by Giorgi Kostiuk

2 years ago

Bitcoin's dominance over the crypto market has reached 60%, catching analysts' attention. They see this as a potential start of a new 'alt season', predicting a subsequent rise in altcoins.

Rise of Bitcoin Dominance

According to a podcast by Lizard Lab, 60% of the capital in the crypto market is now flowing into Bitcoin. This has occurred amid limited interest in altcoins, despite recent institutional interest in the sector.

Bitcoin dominance is staggering—60% of the entire crypto market. But what does that mean for altcoins?

What It Means for Altcoins

Historical trends hint at potential altcoin surges after Bitcoin peaks. Considering current metrics, analysts suggest the possibility of an upcoming altcoin rally.

Analysts' Predictions

Analysts see Bitcoin's 60% dominance as a resistance level, hinting at a possible decline in its share with an ensuing altcoin rise.

These developments underscore the volatile nature of the cryptocurrency market. Monitoring Bitcoin's dominance helps forecast future trends every time the market shifts towards altcoins.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Ascend and M1X Global Complete Institutional Repurchase Transaction

Ascend and M1X Global announced the successful completion of an institutional repurchase transaction utilizing the Stellar blockchain and an onchain sovereign bond known as USDM1.

user avatarLi Weicheng

Details of the Institutional Repurchase Transaction Revealed

Details of the institutional repurchase transaction executed by Ascend and M1X Global, involving 72 consecutive hourly rolls between October 16 and October 19, 2026, utilizing an institutional credit facility and onchain smart contracts for collateral management.

user avatarAisha Farooq

EDX Markets and Apex Fintech Solutions Form Strategic Partnership

On October 26, 2023, EDX Markets and Apex Fintech Solutions announced a strategic partnership to integrate digital asset trading and clearing technology with Apex's financial infrastructure.

user avatarTenzin Dorje

Increased Rewards for Alpenglow Bugs Announced

Jump Crypto is raising payouts for eligible findings in the Firedancer program, especially for Alpenglow bugs. Effective until Nov 20, eligible findings will receive double the standard reward, with triple rewards for Alpenglow-specific bugs.

user avatarMohamed Farouk

Sean Bowe Calls for End to Automatic Funding for Zcash Community Grants

Zcash cofounder Sean Bowe proposes to halt the automatic allocation of 8 ZEC to the Zcash Community Grants program, citing sufficient treasury funds to cover years of spending.

user avatarBayarjavkhlan Ganbaatar

Solanas Firedancer Introduces Paywall for Bug Reports

The Firedancer team has implemented a requirement for researchers to burn 1 SOL per bug report to reduce AI-generated submissions.

user avatarElias Mukuru

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.