Bitcoin Dominance Challenges Altcoin Season Prospects
- Bitcoin holds 57.9% of the total crypto market cap, with a recent increase of 0.69%.
- Ethereum’s market dominance has decreased by 1.07%, now at 11.1%.
- Over 36.4 million altcoins are currently in circulation, up from fewer than 3,000 in the 2017-2018 season.
- The altcoin market has expanded significantly since the last bull run in 2021.
Despite hopes for an altcoin season, Bitcoin’s increasing dominance and Ethereum’s declining influence suggest that widespread altcoin rallies may be unlikely this cycle.
Source (2.6)https://www.newsbtc.com/altcoin/an-altcoin-season-in-sight/?rand=52377
