Bitcoin Dominance Decline Fuels Altcoin Season’s Momentum

Recent shifts in Bitcoin dominance, indicating a growing appetite for altcoins, are signaling the start of a potential Altcoin season. As altcoins outperform Bitcoin over a 90-day period, breaking key resistance levels and bullish technical indicators further suggest a substantial market shift towards alternative cryptocurrencies. This is reflected by the Altcoin Season Index surging to new heights. The index, which tracks how many of the top 50 altcoins have outperformed Bitcoin in the last 90 days, has shown significant growth, reaching over half the top 50 coins currently outperforming Bitcoin. Technical charts, particularly on TOTAL2 and TOTAL3, are also signaling a potential breakout, suggesting that Bitcoin’s dominance could continue to decline, paving the way for altcoins to gain more market share.