alt season

BTC Falls Below Key Support. Is Ethereum Era Coming?
BTC Falls Below Key Support. Is Ethereum Era Coming?

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.

Altseason 2021 Has Come: Bitcoin Dominance Down to 44%

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