Bitcoin Dominance Reaches Over 49%, Highest in 2 Years – What’s Going On?

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Bitcoin Dominance Reaches Over 49%, Highest in 2 Years – What’s Going On?
Bitcoin (BTC)'s dominance in the cryptocurrency market has surpassed 49%, reaching its highest level in more than two years. According to data from CoinGecko, Bitcoin's dominance currently stands at 49.58%, almost three times the dominance of Ethereum (ETH), the second-largest crypto by market cap, which sits at around 16.7%. This steady increase in dominance, starting from around 38% at the beginning of the year, signifies a significant surge in Bitcoin's market share.... Read More: Bitcoin Dominance Reaches Over 49%, Highest in 2 Years – What’s Going On? 
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Data Signals Imminent Altcoin Season Amid ...

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Several analysts on microblogging platform X have recently highlighted different data points indicating that altcoin season (altseason) could soon be upon us. On February 15, trader/analyst Rekt Capital (@RektCapital) shared a projections chart to suggest that Bitcoin’s current dip could be part of a final “retrace” or consolidation period before the halving on April 19. The post Data Signals Imminent Altcoin Season Amid Steady Bitcoin Dominance appeared first on Cryptonews.

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