Altcoin Dominance Signals a Potential Shift in the Crypto Market

Analyst Michael van de Poppe and Egrag Crypto are predicting a major shift in the cryptocurrency market as altcoins break out of their historical lows. While Bitcoin dominance remains stable at around 58%, analysts see key signals forming that suggest a long-term change is on the horizon. The divergence on the TOTAL2/BTC chart suggests an uptick in altcoin performance, while Bitcoin’s consolidation near its previous highs could be about to break. These observations align with past market cycles, pointing towards a potential recovery of altcoins and a shift from the dominance of Bitcoin.