#AltcoinBreakout
The cryptocurrency market has recently witnessed strong indicators of what is known as "Altcoin Breakout", which is a price explosion moment for altcoins after a period of decline or stability. This movement usually comes after a stabilization or decline in Bitcoin's dominance in the market, opening the door for smaller coins to achieve massive gains.
What drives this breakout?
1. Decrease in Bitcoin dominance: A decline in BTC dominance from its high levels provides space for broader movement in the altcoin market.
2. Improved market sentiment: Positive news regarding the regulation of cryptocurrencies or their adoption by major institutions supports demand for digital assets.
