Bitcoin's market cap continues its steady climb, doubling to nearly $2 trillion, while the altcoin market struggles. Despite occasional spikes, altcoins have failed to surpass previous highs. Analysts highlight that this indicates a shift of existing capital rather than the introduction of fresh funds.
The delay in the anticipated 'altseason' might be attributed to this economic behavior, reflecting stagnation in attracting new investments to the altcoin sector. As Bitcoin consistently draws attention due to its performance, altcoins may need more backing to gain similar momentum.
Kaynak: www.thecoinrepublic.com ↗