Institutional Demand May Be Holding Back Altcoin Season

Bitcoin continues to dominate the cryptocurrency market, with institutional investors showing little sign of exiting the asset. This has led to some questioning when altcoins will experience a significant price surge, commonly known as ‘altseason’. 2023’s performance suggests this might be delayed as Bitcoin continues to hold dominance. A new report shows that Bitcoin’s market share is steadily increasing, defying typical post-halving patterns where the market shifts toward altcoins.