Altcoin Season Looms: June Surge Expected as Bitcoin’s Grip Weakens

Bitcoin’s dominance is slipping, and according to Alphractal CEO Joao Wedson, this could trigger a major altcoin season by June. Wedson cites the declining Bitcoin dominance – which dropped from 65% to 62% over the past week – as a key indicator for this shift. This dip broke a five-month uptrend, as per TradingView data, and coincided with the total crypto market cap surging to $3.24 trillion from $2.90 trillion. This growth shows increased investor interest in alternative cryptocurrencies.