The chart highlights the behavior of Bitcoin Dominance (BTC.D) over time, focusing on its declines post-halving events and the subsequent "Altseason" periods where altcoins outperform Bitcoin.
🔸 Historical Altseasons:
→ Post-2016 Halving:
After the 2016 halving, Bitcoin's dominance fell sharply in 2017, culminating in a significant altseason where many altcoins reached new all-time highs.
→ Post-2020 Halving:
Similarly, after the 2020 halving, Bitcoin dominance peaked and then fell as the market entered another altseason in 2021, with both large-cap and smaller altcoins experiencing massive rallies.
→ Current Cycle:
With the 2024 halving approaching, BTC dominance is near its cyclical peak, and the decline suggests the beginning of another altseason. Large-cap altcoins are already starting to outperform, with some making new all-time highs.
🔸Final Note: BTC dominance has likely made its high for this cycle. The market is officially entering altseason, with large-cap altcoins already hitting new all-time highs.
🚨BREAKING: TRUMP NAMES CRYPTO CHAMPION PAUL ATKINS AS NEXT SEC CHAIR
Trump has chosen Paul Atkins, a pro-crypto trailblazer, to lead the SEC—marking a massive win for the crypto industry.
Atkins, known for his forward-thinking stance on digital assets, promises to deliver clear, innovation-friendly regulations that could finally put the U.S. at the forefront of global crypto leadership.
This bold pick is a clear break from Gary Gensler’s enforcement-heavy era, signaling a new chapter for fairer, industry-driven policies.
Trump’s move is a game-changer for the future of digital finance.
1️⃣🇪🇺 European Commission sees potential in public permissionless blockchains
2️⃣South Korea Delays Crypto Tax Implementation by Two Years Following Democratic Party Agreement !
3️⃣🇺🇸 Grayscale’s cryptocurrency holdings have significantly increased by over 85% in November, as altcoins like Stellar and XRP registered triple-digit gains.
4️⃣🇺🇸 SEC sues Touzi Capital for allegedly defrauding over 1,200 crypto investors, raising almost $95 million.