Altcoins Face Uncertain Future, But New Trends Emerge

The cryptocurrency market’s excitement over a potential ‘altcoin season’ has faded as Bitcoin’s dominance remains strong. While Ethereum saw a notable surge earlier in 2023, recent developments suggest this initial optimism may have been short-lived. Analyst Scott Melker points out an unusual trend: Bitcoin’s price increase despite its shrinking market share, potentially indicating portfolio adjustments and new capital inflows.