$BTC $ETH Bitcoin dominance is weakening,

Altcoin Season Incoming? Bitcoin Dominance Drops Below Key Support

Bitcoin dominance is weakening, and traders are watching closely. This shift has sparked talk of a new altcoin season, with analysts expecting capital to rotate from Bitcoin into major altcoins. As BTC.D falls below a key support level, many believe the market is entering a new phase.

At the beginning of this month, the total market cap of the cryptocurrency market was $2.63 trillion. In the initial days of the month, the market experienced extreme volatility.

Between April 5 and 7, the market plummeted by 9.8%, dropping to a monthly low of $2.31 trillion. From April 9 to 12, the market climbed by over 11.71%. As of now, the total market cap is at $2.65 trillion, down 5.2% from the monthly peak.

The altcoin market has followed a similar pattern. Starting the month at $991.26 billion, it dipped to $831.83 billion by April 7. Between.