Altcoin Season Begins with Increased Trading Volume on CEXs
- Altcoin trading volume on Centralised Exchanges (CEXs) has surged, exceeding Bitcoin’s by 2.71 times based on the 90-day Moving Average.
- The total crypto market cap is currently valued at $3.13 trillion.
- The altcoin market cap stands at $280.5 billion and is attempting to break out towards a $300 billion valuation.
- Bitcoin Dominance (BTC.D) is no longer the sole determinant of altcoin season, as trading volume now plays a significant role.
- A crypto analyst predicts a final market decline before an anticipated rise in the altcoin season index chart by the end of 2025.
According to CryptoQuant’s CEO, Ki Young Ju, the increase in altcoin trading volume signals the start of an altcoin season, with trading volume now being a key indicator rather than Bitcoin dominance.
Source (2.6)https://www.newsbtc.com/altcoin/crypto-ceo-calls-start-of-the-altcoin-season-with-a-caveat/?rand=52377
