Bitcoin’s dominance hits 60%, raising analysts’ speculation of an incoming altcoin season.
Historical trends hint at potential altcoin surges after Bitcoin peaks and enters price discovery.
Analysts see Bitcoin’s 60% dominance as a resistance level, hinting at a possible altcoin rally.
Bitcoin’s dominance over the crypto market is now 60%, a level that has caught the attention of analysts who believe this might be the start of a new “alt season.” As Bitcoin takes a larger share of the crypto market, questions around its impact on altcoins and the likelihood of an upcoming altcoin bull run are gaining momentum.
As noted in a podcast by Lizard Lab, 60% of the crypto market capital is now flowing into Bitcoin. Altcoins are seeing limited traction despite recent institutional interest in the sector.
Bitcoin dominance is staggering—60% of the entire crypto market.
[Remember that number]
But what does that mean for altcoins? Listen to why the next big shift might be just around the corner. 
pic.twitter.com/T2V4CTypU2
— Lizard Labs (Ethlizards) 
(@LizLabsio) November 12, 2024
This interest has driven Bitcoin’s market dominance to new highs, le…
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