OTHERS/BTC UPDATE
This is the chart of crypto market capitalization excluding top 10 coins by mc against Bitcoin. As you can see, Altcoins marketcap has reached an ultimate bottom that was previously reached only a couple of times over the recent years:
- November 2023 (right before the Altcoin Season)
- April 2024 (during the crash)
- June 2024 (now)
This explains why it was quite difficult to earn something on this market over past few months and if you at least didn't lose - it's a good result AND...
Also gives us another hope that things will get better soon for Altcoins since we are approaching a strong support.#altsesaon $ETH $SOL