The crypto market is seeing a significant shift, with altcoins beginning to recover after months of Bitcoin dominance.
Altcoins Regain Ground
Swiss bank Sygnum forecasts a strategic turning point in the crypto markets. In its latest quarterly report, the bank highlights clear signs of a shift toward altcoins after a turbulent period marked by geopolitical tensions and budget instability in the US. Bitcoin dominance, which peaked in 2021, is starting to weaken.
Bitcoin and Ethereum Strengthen Their Positions
Despite the shift toward altcoins, Bitcoin continues its ascent, supported by strong liquidity dynamics. Bitcoin has recently hit a new all-time high, indicating a strong market position. Ethereum, on the other hand, is also showing a revival of institutional interest, which signifies stability for the asset.
Market Prospects and Potential Altseason
Sygnum points out that improving regulatory clarity is reviving interest in altcoins. The market is showing signs of activation, which could signify the potential start of an Altseason. Given these developments, experts suggest a growing interest in stable and utility-driven projects.
In light of the improved regulatory environment and sustained interest in altcoins, market activity is expected to increase, leading to the potential onset of an Altseason.
