Altcoins Show Resilience Amid Market Correction
- The total crypto market cap rebounded after hitting the $3 trillion mark on February 2.
- Altcoin market cap faced rejection at $425 billion but showed a shallower pullback than previous downturns.
- The latest retracement was around 50%, compared to past declines of 69% and 85%.
- Current crypto market cap excluding Bitcoin and Ethereum is $859 billion.
- Bitcoin dominance remains strong, delaying a potential altcoin season.
The altcoin market shows signs of strength with a milder pullback from the $425 billion resistance level, suggesting growing resilience despite Bitcoin’s continued dominance.
Source (2.6)https://www.newsbtc.com/altcoin/altcoins-season-recent-crypto-dip-shows-decline-may-be-over-and-bulls-are-taking-charge/?rand=52377
