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The cryptocurrency market has recently witnessed strong indicators of what is known as an "Altcoin Breakout", which is a price explosion moment for altcoins after a period of decline or stagnation. This movement usually comes after a stabilization or decline in Bitcoin's dominance in the market, opening the door for smaller currencies to achieve massive gains.

What drives this breakout?

1. Decrease in Bitcoin dominance: A decline in BTC dominance from its high levels provides room for broader movement in the altcoin market.

2. Improved market sentiment: Positive news regarding the regulation of cryptocurrencies or adoption by large institutions supports the demand for digital assets.