$BTC Wow! After gaining some serious momentum in late 2024, Bitcoin's (BTC) dominance has taken a dramatic plunge! Could we be on the brink of an altcoin season ? On Tuesday, May 13, Bitcoin’s share of the total crypto market cap fell to 61.3% , down from the nearly lofty 65% it reached just last week!
Tracy Jin, COO of MEXC, reveals that this dip is just one of many early signals hinting at an impending shift toward altcoins. Meanwhile, traders are moving away from stablecoins, and individual altcoins are experiencing a surge of interest!
“Bitcoin dominance just took a noticeable dip — from 65% down to 62%! The altcoin market cap jumped a staggering $300 billion in mere weeks ! That kind of shift doesn’t happen without a reason! The usual early signals are flashing: declining USDT dominance, improving price structure on altcoin charts, and rising interest in sector leaders like Monero, Sui, and Bittensor ,” Jin explains.
While she acknowledges we’re still technically in "Bitcoin season," this could be the dawn of a reversal! Traders are now on the hunt for higher returns , and many may see Bitcoin as overbought . Watch out! Sectors like AI, privacy, and DeFi could emerge as the real winners in the coming weeks! 🚀
