| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107294.6900000000 |
| ETH | $2432.0110000000 |
| BNB | $648.8197400000 |
| XRP | $2.1865140000 |
| ADA | $0.5666575000 |
| SOL | $150.0879000000 |
| DOGE | $N/A |
| DOT | $3.3966900000 |
| LTC | $86.6177000000 |
| LINK | $13.3466700000 |
Category: CRYPTO NEWS
The post Bitcoin Dominance Rises, Indicating Potential Delay in Altcoin Season Until 2025 appeared on BitcoinEthereumNews.com. Recent trends in the cryptocurrency market indicate a continued dominance of Bitcoin, suggesting a postponed altcoin season as investors reassess their strategies. Despite expectations for an altcoin rally, data suggests that Bitcoin’s market strength remains unchallenged. According to recent analytics from CoinStats, Bitcoin’s dominance surged to over 56%, while the altcoin season index languished at 27, signaling a potential delay in altcoin performance. Bitcoin’s continued dominance over altcoins suggests that a bull run for alternative cryptocurrencies may be postponed until 2025. Bitcoin’s Unyielding Dominance in the Crypto Space The cryptocurrency market has seen a notable rise in Bitcoin’s (BTC) dominance, with the latest data indicating a surge to over 56% in just one week. This resurgence is primarily attributed to the underperformance of altcoins, which have struggled to maintain momentum in the current market climate. Recent insights from Alphractal, a leading data analytics platform, underscore that only a handful of altcoins have outperformed Bitcoin in the last month. This trend reinforces the notion that market attention remains largely fixated on Bitcoin as investors await clearer signals from altcoins. Source: CoinStats Analyzing the Altcoin Season Index Currently, the altcoin season index sits at 27, suggesting a firm Bitcoin season. An index reading of 25 or lower typically indicates that Bitcoin is prevailing over altcoins, while a reading of 75 and above suggests an altcoin season. With the market conditions remaining favorable for Bitcoin, analysts project that the anticipated altcoin rally may not materialize until 2025, confirming a cautious approach from major investors. Source: Blockchaincenter Current Performance of Major Altcoins To evaluate the potential for a forthcoming altcoin rally, COINOTAG analyzed significant players such as Ethereum (ETH), Binance Coin (BNB), and Solana (SOL). Recent data from Santiment revealed that Ethereum’s weighted sentiment has taken a downturn, suggesting increased bearish perspectives among traders.…
2024-11-04T03:27:28+00:00