Bitcoin dominance has recently dipped, fueling speculation about an approaching altcoin season. Multiple analysts point to a shift in market sentiment, with funds potentially flowing from Bitcoin into alternative cryptocurrencies. BeInCrypto reported a fall in Bitcoin dominance from 65% to 63.31%. The ETH/BTC ratio has also rebounded, increasing by over 12% in the last 24 hours, further indicating this shift. The Altcoin Season Index, a metric gauging market sentiment, has jumped from 23 to 36, entering the "neutral" zone. An index score above 75 would signal a full-fledged altseason. While not there yet, this upward trend suggests increasing investor interest in altcoins. Increased development activity and unique use cases in projects like DeFi and NFTs are also contributing factors driving money into alts. ```

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