Declining Bitcoin Dominance Signals Possible Bull Run for Altcoins
Bitcoin dominance has fallen from 55.80% to 55.41%, while altcoin market cap has grown by 3.86% to over $1.05 trillion.
This shift, coupled with positive investment inflows into various altcoins, suggests a possible bull run for non-Bitcoin cryptocurrencies.
The TOTAL2 chart and a possible bullish EMA crossover further support this outlook.
However, some analysts warn that it may take another two months for altcoins to outperform Bitcoin.
The rally in altcoins could be invalidated if Bitcoin approaches $70,000.
