Bitcoin's dominance is approaching its peak after the recent halving event, which suggests that the altcoin season is approaching. Historically, when Bitcoin peaks, altcoins tend to perform well. This trend is now observable in the market.
The crypto market has been on an impressive upward trajectory, particularly following the United States election, which resulted in a victory for Donald Trump. This political event has had a noticeable impact on the market's dynamic.
Today, Bitcoin reached a new all-time high (ATH), showcasing the cryptocurrency's robust performance and increased investor interest. At the same time, altcoins are experiencing significant gains, some of which are seeing double-digit increases, demonstrating the diverse opportunities within the crypto market.
