$BTC Will Bitcoin’s Rally Ignite a Fire in Altcoins? The Surprising Answer May Shock You!
Bitcoin has been stealing the spotlight lately, but could this surge trigger an explosive rally in altcoins? Financial institutions seem to think so. They’re already making bold moves, filing ETF applications tied to altcoins like XRP (XRPUSD) amidst signs of a friendlier regulatory landscape. But will this spark the next big wave in crypto, or will altcoins be left in the shadows?
The Bitcoin Dominance Index, which tracks bitcoin's share of the total crypto market, has soared to new highs this cycle. Yet, history tells us dominance can be fleeting. Could we be on the brink of a massive shift? Analysts speculate that once bitcoin decisively breaks its all-time high, altcoins may finally have their moment to shine—just as they did in the last cycle.
The big question remains: Is now the time to bet on altcoins? The crypto market may be gearing up for its next dramatic turn.