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Altcoin Season Delay Extends as Bitcoin’s Dominance Rises to 57% Beincrypto 07 там 2024

Altcoin Season Delay Extends as Bitcoin’s Dominance Rises to 57% 📉

CryptoQuant Altcoin Crypto Market Julio Moreno Bitcoin
The wait for an Altcoin Season, which seemed nearing an end in June, has been prolonged due to a market crash. Bitcoin’s dominance is increasing, delaying altseason further. The symmetrical triangle pattern suggests Bitcoin's dominance could rise from 55.49% to 57.90%. Julio Moreno of CryptoQuant notes Bitcoin’s valuation metrics indicate possible further declines, echoing past market corrections. Investors should monitor these metrics for potential price corrections or bounces. For an Altcoin Season to occur, 75% of the top 50 altcoins must outperform Bitcoin. Currently, only 5 of these assets are in the green, with 90% facing losses. Hence, an altseason in August is unlikely.

Дереккөз: beincrypto.com ↗

Ұқсас мақалалар (68)

Drop in Bitcoin dominance and bullish altcoin market structure have traders predicting altseason  Cointelegraph 23 қыр 2024
Drop in Bitcoin dominance and bullish altcoin market structure have traders predicting altseason 
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Is Altcoin season near? Bitcoin dominance tests key resistance
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Bitcoin dominance weakens as BTC holds $63K: Will altcoins surge?
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Bitcoin Dominance Crumbles: Is a Massive Altcoin Surge Ahead? Coinpedia 25 қыр 2024
Bitcoin Dominance Crumbles: Is a Massive Altcoin Surge Ahead?
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Bitcoin dominance struggles at 58%: Good news for altcoins?
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Is altcoin season near? USDT dominance suggests…
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