The altcoin market is signaling a potential breakout after experiencing price fluctuations that tested investor patience amidst Bitcoin's record high surge to $75K.
Analysts are optimistic about a bullish trend for altcoins in the coming weeks, suggesting a shift in market dynamics that could lead to significant gains in their values.
The total cryptocurrency market capitalization, excluding Bitcoin, is currently at $954 billion, having briefly dipped below the $970 billion support level.
This situation sets the stage for altcoins to capitalize on increased market interest and potentially rise in value compared to Bitcoin.
