Altcoins Take Center Stage as Bitcoin Dominance Dips

Crypto investors are witnessing a bullish shift with the emergence of altcoins following Bitcoin’s recent decline. The global dominance of Bitcoin has dropped from 65% to 61% in just six days, coinciding with a notable increase in value for altcoin projects. This marks a positive trend reminiscent of 2021’s ‘altseason,’ which saw significant returns for crypto investors. While a 4% dip in Bitcoin dominance may seem insignificant compared to the scale and influence of Bitcoin, its impact is substantial in the cryptocurrency market. This market shift highlights a potential turning point for the industry with altcoins gaining traction and momentum. A key indicator is the ‘golden cross’ formed by various altcoin indices, suggesting a long-term bull run might be brewing.