Crypto markets remain volatile as Bitcoin's price hovers around $96,476, just shy of the $100,000 milestone. Swyftx analyst Pav Hundal suggests that altcoins will continue to experience fluctuations until Bitcoin breaks this key level. Despite some altcoins and memecoins like Solana and Pepe showing brief surges, they often retrace gains quickly. Bitcoin's dominance currently stands at 58.30%, and while some predict a decline, institutional investors are primarily driving the current Bitcoin rally. This focus on Bitcoin may limit the potential for an altcoin season similar to past cycles, requiring new capital influx for altcoins to thrive.
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