The current increase in the value of digital currencies is considered a forced increase resulting from the noticeable rise in the price of Bitcoin. This means that the increase in the price of Bitcoin and its percentage of market share indicates that the reason behind the rise in the value of other currencies is not as a result of the influx of new capital into them, but rather because of the rise in the value of the satoshi, which is the smallest part of Bitcoin.
The actual rise in the value of altcoins occurs when the price of Bitcoin stabilizes at its new peak and the Bitcoin Holding Percentage indicator begins to decline, which is an indicator that traders are starting to exchange Bitcoin for altcoins. This means the beginning of the phase of wealth distribution, which is the phase that many have been waiting for. What is currently going on has nothing to do with the expected bull market for altcoins.