#Altseason 1ļøā£ Just two days ago, Bitcoin was trading at $78K, and today, it has surged past $93K. This kind of rebound is a hallmark of a strong bull marketāsomething weāve been emphasizing for months. Such swift recoveries donāt happen in bearish conditions, and by now, that should be evident to everyone.
$BTC 2ļøā£ There was quite a stir on social platforms like Telegram and X after Trumpās initial post on crypto reserves, which didnāt explicitly mention BTC or ETH. Some skeptics quickly assumed Ethereum wouldnāt be included. However, letās apply logicāEthereum remains the only legally recognized altcoin in the U.S. with an ETF. Itās clear that both BTC and ETH form the core of the reserve, with the additional mentioned alts acting as complementary assets. The recent market reaction only proves that ETH continues to solidify its position.
3ļøā£ The crypto market witnessed an unprecedented surge in total capitalization today, adding a staggering $300 billionāmarking the largest single-day increase in history. Movements of this scale are a testament to a bull run gaining momentum.
4ļøā£ This isnāt just a temporary bounce; it signals a definitive trend reversal. While we await further developments next week and leading into mid-March, the market sentiment is shifting decisively towards long positions. A strong Ethereum rally would further validate the onset of altseason.
5ļøā£ Bitcoinās dominance has dropped below 60% for the first time in months, and the trend suggests it will continue declining, making room for altcoins to shine.
6ļøā£ Adding to the excitement, David Sacks confirmed that details regarding the U.S. Crypto Reserve will be unveiled on March 7th during a White House crypto summit. This event could significantly impact market sentiment.
7ļøā£ Meanwhile, an aggressive liquidation phase has begun, targeting short positions with billions stacked at key resistance levels. Expect heightened volatility as these liquidations trigger further impulsive price movements.
8ļøā£ THE BULL MARKET IS BACK! š„š
#CryptoMarket #BitcoinRally #BullRunConfirmed #Ethereum