Bitcoin’s (BTC) Price Slips Below $60,000 – Time for Altcoin Season
📉
Bitcoin's price is hovering around $58,000 after losing the $60,000 support level, resulting in a drop in its market dominance to 54.70%. Many hoped this would signal the start of an altcoin season, but most altcoins also suffered losses. Only 13 out of the top 50 non-stablecoin altcoins outperformed Bitcoin, and just seven saw gains. For a true altcoin season, 75% of these 50 tokens need to outperform Bitcoin. The Altcoin Season index currently indicates a Bitcoin season with a value of 24. The switch to an altcoin season is expected to take several months, potentially starting by early October.
Źródło: beincrypto.com ↗