$BTC
Recent Market Dynamics:
Yesterday, analysts observed Bitcoin’s dominance falling from around 66.5% down to 61.83%, which may signal rotating investor interest toward altcoins .
Another report flags BTC.D testing its 50‑week moving average, a critical technical level—potentially hinting at a shift in sentiment or trend .
One source notes BTC.D “mirroring the 2021 crash,” marking early signs of altcoin resurgence, as total crypto market cap nears $3.76 trillion .
Meanwhile, reports show a modest rotation into altcoins: BTC.D dipping to approximately 60.7%, paired with an Altcoin Season Index rising from 34 to 50—suggesting selective altcoin interest .
Despite this, many analysts still view the current range—hovering around 60–61%—as a key support zone. Unless BTC.D breaks below that, broad-based altcoin rallies remain uncertain .$ETH