• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

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

user avatar

by Giorgi Kostiuk

a year 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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Maalexi and Avalanche Set to Launch MAATEX, the First Agricultural Asset Token Exchange

chest

Maalexi and Avalanche are set to launch MAATEX, the first agricultural asset token exchange utilizing the Avalanche blockchain, aiming to revolutionize agricultural asset trading.

user avatarAisha Farooq

Meta to Lay Off Staff from Metaverse Division

chest

Meta is set to lay off around 10% of its staff from the Reality Labs division as it shifts focus to artificial intelligence.

user avatarTenzin Dorje

US Senate Agriculture Committee Delays Crypto Market Structure Bill Markup

chest

The US Senate Agriculture Committee has postponed the markup of the crypto market structure bill to the end of January to gather more support.

user avatarBayarjavkhlan Ganbaatar

Crypto Mining Stocks Surge Following Meta's AI Infrastructure Announcement

chest

Crypto mining stocks surged following Meta's announcement of a large-scale AI infrastructure initiative.

user avatarMohamed Farouk

OG Bitcoin Miner Resurfaces with 2,000 BTC Move

chest

An early Bitcoin miner has moved 2,000 BTC, marking significant activity from this cohort.

user avatarKenji Takahashi

Cameron Fous Achieves $302,000 Profit from XRP Trade

chest

Prominent trader Cameron Fous achieved a profit of approximately $302,000 from a well-planned XRP trade executed within 14 days, highlighting the importance of structured trading strategies.

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.