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⚠️BREAKING:
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BITCOIN
RISES TO NEW ALL-TIME HIGH OF $89,519
#BTC
$BTC
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SEC Chair Gensler: “I’ve been proud to serve with my colleagues at the SEC who, day in and day out, work to protect American families on the highways of finance.”
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Wait for the moment 🚀🚀
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🚀 Understanding BTC & ALT Seasons 🚀 ALT Season = BTC Dominance Drops Fast 📉 When Bitcoin dominance takes a sharp dive, altcoins tend to soar as capital flows heavily into alts. BTC Season = BTC Dominance Climbs Slowly 📈 When BTC dominance rises steadily, it signals a strong preference for Bitcoin over alts, with most gains concentrated in BTC. Why BTC Has Outperformed Alts Recently Over the past few years, BTC dominance has been steadily increasing, making it generally more profitable to hold BTC rather than alts. What About Your Alt? 😉 Remember, timing is everything—while your alt could be the exception, it’s the broader trends in BTC dominance that matter most for cycles. 🔍 Big Picture: Keep an eye on BTC dominance trends to gauge when it’s time for BTC vs. alts, and always stay ready for shifts as capital rotates!
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There is a rumour that Trump considering 0% capital gains tax on Crypto Issued by US Based Companies. 2949 Companies are Listed as US Based on Crunchbase. Here Some of the Popular US Based Crypto Projects: - Cardano - Uniswap - Mina Protocol - Avalanche - Stacks - The Graph - Injective - Ampleforth - Arkham - Agoric - Axelar - Eigenlayer - Compound - Dfinity - Flare - Lido - Manta Network -Rio
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🚨 2020 Cycle Repeating in 2024? Here’s Why It Matters: #BTC Rally Dynamics 📈 End of 2020: $BTC broke past 2017 ATH, rising for a second consecutive week. Most alts took a temporary hit while BTC captured the spotlight, with capital flowing heavily into BTC, boosting its dominance. Historical Example: $SOL Rally 🚀 December 2020: $SOL hit a low of $1.20 while BTC soared. By March/April 2021, it rallied from $1.20 to over $60—a 50x jump in four months. Pattern of BTC Dominance 🟠 Each new BTC ATH is typically followed by a BTC dominance peak (capital flowing in). History shows BTC dominance tends to top out after 2-3 weeks of new ATHs, then begins declining as capital flows into alts. Where We Are Now We’re currently in week two of BTC reaching new highs. Alts are cooling off, just like 2020, setting up for a potential explosive rotation as BTC dominance stabilizes. What This Means for You Patience is key: This cooling phase could present ideal entry points. Don’t chase BTC gains if you’re in alts; the rotation is likely on its way. Look for opportunities in high-quality alts with solid fundamentals—history shows they could take off quickly once BTC calms down. 🚀 Stay ready; it’s often darkest before the dawn of altseason!
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