Bitcoin Dominance Drops: Altcoin Boom in Sight? 🤔

The crypto market is in turmoil! Bitcoin dominance has dropped to 60%, contradicting the predictions of some analysts who were betting on BTC at US$$ 100 thousand soon. 😮

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But what's behind this drop? 🧐 BeInCrypto analysts point to the explosive performance of altcoins! 🚀 The altcoin season index jumped from 33 to 39 in just a few days, according to data from Blockchaincenter. This means that many altcoins in the top 50 are outperforming Bitcoin in terms of appreciation.

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Look who's booming:

Bonk (BONK) 🐶Ripple (XRP) 🌊

These tokens boosted the market cap of altcoins and contributed to the drop in Bitcoin dominance. .

But will this party last?  🤨

The Crypto Fear and Greed Index has hit 90, signaling "Extreme Greed." 🤑

But beware! This level of euphoria could signal a correction in the market.

Analyst Rekt Capital agrees:

"Bitcoin Dominance — We are seeing the effects of the best-case scenario in full force. It's Altcoin Season. The drop in BTC DOM to 57.68% is enabling this Altcoin Window. Continued dips into the green will allow for Altcoin surges."

Stay tuned! 👀 Altcoins may be about to shine even brighter.

What do you think? Share your thoughts in the comments! 👇#Bitcoin#Dominance#Altcoins#AltcoinSeason#Cryptocurrencies#Binance