Bitcoin’s Surge Ushers In Potential Altcoin Season

Bitcoin price breached the $112,000 threshold on Tuesday, coinciding with a dramatic drop in precious metals like gold and silver. This unexpected shift in investment patterns suggests a potential turning point in the cryptocurrency market: an altcoin season might be beginning. Bitcoin saw a rapid rebound after briefly dipping below $107,000, likely propelled by investors moving away from traditional safe-haven assets such as gold and silver, which experienced their steepest single-day drops in years. 38% price increase during this time suggests the shift from precious metals to digital assets could be significant.