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Bitcoin dominance struggles at 58%: Good news for altcoins? Ambcrypto 01 Oct 2024

Bitcoin dominance struggles at 58%: Good news for altcoins? 📈

Bitcoin's dominance in the cryptocurrency market has encountered a significant roadblock, stabilizing around 58%.

This stagnation is seen as beneficial for altcoins, which could capitalize on Bitcoin's plateau.

Consequently, the altcoin season index has reached an unprecedented high, indicating a favorable climate for altcoin investments.

This shift could attract more investors to explore and diversify their cryptocurrency portfolios away from Bitcoin.

Source: ambcrypto.com ↗

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