Bitcoin’s Dominance Hits New Highs, and Altcoins Could Rise in Future Cycles
#Bitcoin leads with 61.37% dominance in a new #BTC Season, but #altcoins may regain strength in future market shifts, says Cowen. #Cryptomarket
#Bitcoin leads with 61.37% dominance in a new #BTC Season, but #altcoins may regain strength in future market shifts, says Cowen. #Cryptomarket
The #Reddit #CryptoCurrency thread dissects market indicators, signaling poised #altcoin potential at the early stages of the #crypto #bullrun. #Altseason
Get ready for an altcoin party! 🚀 With Ethereum leading the way, a wave of altcoin surges is on the horizon. Time to watch the crypto space closely! #AltcoinRally #Ethereum #CryptoMarket
Feeling FOMO about the #Altcoin market? 🚀 Historical patterns suggest the real party might begin post-halving. Stay patient, the best might be yet to come! #CryptoTrends #PostHalvingBoom.
Crypto enthusiast highlights $GALA’s performance amidst a burgeoning alt-season. Brace yourselves for some ‘epic pumps’! #Bitcoin $Alts #AltSeason
The intensity of the current meme coin cycle signals an even more massive upcoming alt season and Bitcoin run.
Bitcoin price has fallen below the key support level at $46,000. Market indicators suggest a longer road to recovery. Meanwhile, Ethereum market dominance is at 20% while Bitcoin dominance is at 38.6%. The crypto market is still in a bloodbath, and all hopes of having an over-the-top end of the year rally seems to have evaporated. In particular, Bitcoin has fallen below a key support price at $46,000. This support level has been pivotal to keep Bitcoin price from going bearish. As we can see from the chart above, the $46,000 key support has been crucial to Bitcoin price recovery.
The 2021 alt season may have indeed come, as Bitcoin dominance is at a 44% low. Popular altcoins such as Ethereum and Binance Coin are at their all-time high. The best performing altcoin is Dogecoin, with a 142% surge in the last 7 days. Investors who bought and held altcoins months ago may be rejoicing right now, as the altseason has already come. Bitcoin dominance has stayed below 50% for about a week already. At the time of writing, BTC dominance is at 44%, according to CoinGecko. This is also backed up by the sheer drop in bitcoin prices despite