Bitcoin Dominance at Critical Junction: Is Altcoin Season Over?
Recent developments in the cryptocurrency market have raised eyebrows regarding the ongoing hopes for an altcoin season. After Bitcoin’s price dropped below the significant threshold of $100,000, altcoin prices reacted sharply, indicating a potential end to the current altcoin momentum. Many altcoins have found themselves trading more than 70 percent below their all-time highs, causing investors to rethink their strategies. The decline in altcoin performance is prompting a reassessment among traders, who are now closely monitoring Bitcoin’s movements to gauge the overall market sentiment. This critical junction indicates a pivotal moment for crypto investors. As Bitcoin dominance continues to rise, the fate of altcoin investments hangs in the balance, and the market watches to see how the situation unfolds.