Bitcoin Dominance Declines as Altcoin Season Gains Momentum!!

#Bitcoin dominance has fallen from its yearly peak a few days ago when BTC fell below $3006005437860,000. In contrast, the market cap of the top 125 altcoins has increased despite having previously reached lower lows.

Analysts suggest that this week could be bullish for #Altcoins... , with technical analysis supporting it so far, BTC.D, as it is commonly called, has fallen, sparking speculation that altcoin season could be just around the corner.

#Bitcoin dominance weakens...

Altcoin season is a short period of time when 75% of the top 50 cryptocurrencies outperform BTC. So, for this to happen, Bitcoin dominance needs to drop and TOTAL2 market cap needs to increase consistently.

TOTAL2 is the sum of the market caps of the top 125 altcoins. As of this writing, Bitcoin dominance has dropped to 56.95%, while TOTAL2 has increased to $30060054378890.18 billion.

A few months ago, many altcoins, led by (ETH), saw double-digit price increases. However, the rally was short-lived. Furthermore, the launch of spot Ethereum ETFs has not yielded the expected results, especially since the TOTAL market cap remains below $300600543781 trillion at the time of writing.

Keep an eye on BTC dominance, because if it continues to drop, altcoins will start to see a surge in capital inflows...