$BTC $SOL
The cryptocurrency market is currently in a pre-altseason period, characterized by a growing expectation that altcoins (cryptocurrencies that are alternatives to Bitcoin) will outperform Bitcoin. Historically, an altseason occurs when more than 75% of the top 50 altcoins have outperformed Bitcoin over the past 90 days.
Bitcoin recently surpassed the $100,000 mark, a significant milestone that could signal the start of a new altseason.
During these periods, investors tend to seek out opportunities in altcoins, attracted by the potential for higher returns.
Indicators such as Bitcoin’s decreasing dominance in the market and increased interest in altcoins suggest that an altseason may be approaching. However, it is important to note that each market cycle has unique characteristics, and the significant presence of institutional investors in this current cycle has been driving more capital into assets such as Bitcoin and Ethereum, potentially impacting the liquidity available for altcoins.
Investors should remain vigilant about market movements and consider diversifying their portfolios, balancing investments between Bitcoin and altcoins, always taking into account the associated risks and conducting in-depth research before making financial decisions.
