Altcoins Gain Momentum Amidst Bitcoin’s Decreasing Dominance
The cryptocurrency market is currently witnessing a surge in alternative digital assets, sparking conversations within the industry about the imminent arrival of the highly-anticipated altcoin season.
As the dominance of Bitcoin begins to show signs of weakening, some market players view this shift as a potential trigger for a new phase in the market.
Nevertheless, experts hold differing opinions on the primary factors driving the upward trend in altcoins, with many suggesting that larger market forces, in addition to the diminishing dominance of Bitcoin, are playing a crucial role in this scenario.
Furthermore, the increasing impact of elements like stablecoin liquidity is reshaping the landscape of the altcoin cycle, prompting important discussions about the underlying catalysts propelling this recent surge in the market.