💬 My Perspective
I’ve noticed a clear shift: while Bitcoin has recently stalled around $119K–$123K, altcoins—especially Solana—are grabbing the spotlight. Solana has surged by roughly 6–7%, outpacing Ethereum, XRP, and BTC, and signaling a more broad-based rally .
This rally appears fueled by the newly passed Genius Act, which mandates strict reserves for stablecoins and bans yield-bearing ones—benefiting networks like Ethereum that dominate the stablecoin space . At the same time, Bitcoin's dominance is slightly declining as capital shifts into high-beta assets like Solana and XRP .
Technically, indicators such as Bitcoin’s Golden Cross and positive on-chain signals across altcoins support the idea that this is more than a short-lived pop—it might be the early phase of a sustained altcoin season .
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In short:
Bitcoin: consolidating, lacks fresh upward momentum.
Altcoins: robust upward moves, with Solana leading the pack, boosted by smart money inflows and regulatory tailwinds.
Regulatory context: The Genius Act (plus the pending Clarity Act) is shifting institutional focus to altcoins, especially those tied to stablecoins and smart contracts.
Outlook: I see a strategic rotation into altcoins, with potential for more gains ahead if legislative clarity adds further confidence.
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