BTC.D at a 4-month low? I think alt season might be here already.
coinfeeds-bot on
tldr; Bitcoin’s market dominance has dropped to a 4-month low, falling from 64.5% to 60.9%, signaling a potential shift toward altcoins. Ethereum’s strong rally, surging 27% this week, has led the charge, pushing other altcoins to multi-month highs. The altcoin season index, which tracks altcoin performance relative to Bitcoin, is nearing the threshold for an altcoin season. However, only 50% of top altcoins have outperformed Bitcoin so far, and profit-taking could delay a full altcoin season. Bitcoin remains stable below $120,000 despite the shift.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
colonisedlifeworld on
Pump my bags please. Thanks.
hotchy1 on
News of that big bag leaving has spooked the market into moving. Now the UK on about selling £6b worth to plug a hole etc. Im waiting for the drop, then I’m getting back in.
utilizatoru on
Bitcoin sneezes and the alts start sprinting
jqVgawJG on
during 2021 alt season, bitcoin dominance was down to 40% (hovered around 60% before it)
it is currently 61% (down from a local peak at 65%)
6 Comments
BTC.D at a 4-month low? I think alt season might be here already.
tldr; Bitcoin’s market dominance has dropped to a 4-month low, falling from 64.5% to 60.9%, signaling a potential shift toward altcoins. Ethereum’s strong rally, surging 27% this week, has led the charge, pushing other altcoins to multi-month highs. The altcoin season index, which tracks altcoin performance relative to Bitcoin, is nearing the threshold for an altcoin season. However, only 50% of top altcoins have outperformed Bitcoin so far, and profit-taking could delay a full altcoin season. Bitcoin remains stable below $120,000 despite the shift.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Pump my bags please. Thanks.
News of that big bag leaving has spooked the market into moving. Now the UK on about selling £6b worth to plug a hole etc. Im waiting for the drop, then I’m getting back in.
Bitcoin sneezes and the alts start sprinting
during 2021 alt season, bitcoin dominance was down to 40% (hovered around 60% before it)
it is currently 61% (down from a local peak at 65%)
make of that what you will