Bitcoin (BTC) hits new ATH over $111K, pushing total crypto market cap to $3.51 trillion amid “Greed”.
Total3 altcoin chart shows bullish MACD and RSI, eyeing breakout above $930B towards $1T target.
Arthur Hayes and falling Bitcoin dominance suggest an altcoin season is imminent as BTC surges.
As Bitcoin soars to a fresh all-time high of $111,861.22, the cryptocurrency market as a whole surged to a $3.51 trillion valuation–a 3.95% jump in the past 24 hours fueled by a mix of macro catalysts and a healthy dose of retail exuberance.
With the closely watched Fear & Greed Index at 73 (“Greed”) and trading volumes skyrocketing over 53.66% to $191 billion, the spotlight now turns to altcoins.
Total3 Chart Analysis: Altcoin Market Readies for Breakout
The Total3 chart (total crypto market cap excluding BTC and ETH) is showing compelling bullish signals. The current market cap is at $916.89 billion and the MACD indicator shows a bullish crossover with strong histogram expansion–a classic signal of upward momentum.
Meanwhile, the RSI is hovering above 63, indicating strength but not yet overbought, suggesting more room for a rally.
The post Altcoins Eye Key Breakout: Total3 Chart’s MACD, RSI Signal Upward Push appeared first on Coin Edition.