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Crypto Alt Season Incoming? Altcoin Market Cap Hits Two-Year High as Crypto Rally Broadens Beyond Bitcoin Blockonomi 27 nov. 2024

Crypto Alt Season Incoming? Altcoin Market Cap Hits Two-Year High as Crypto Rally Broadens Beyond Bitcoin 🚀

Ethereum Blockonomi Altcoins Bitcoin

Bitcoin's recent surge past the $90,000 mark has set off a wider rally within the cryptocurrency market. This has led to a total market capitalization reaching a significant $3.36 trillion.

Within this bullish environment, the altcoin market cap has notably climbed back to levels last seen in 2022, surpassing $840 billion. It is now approaching its previous peak of $984 billion as witnessed in May 2021.

Historical trends have shown that altcoin seasons tend to follow a particular cycle pattern. These cycles begin with Bitcoin dominance and proceed through phases of strong Ethereum momentum, rallies in large-cap altcoins, and further market developments.

Bron: blockonomi.com ↗

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