CandleFocus Bitcoin Dominance Falls Below 57%: Altcoin Season Officially Kicks Off
2024-12-02
Author: Content Editor
Bitcoin's dominance in the cryptocurrency market has fallen below 57%, indicating the start of an altcoin season. The Altcoin Season Index has reached 78%, signaling that altcoins have been outperforming Bitcoin over the past 90 days. Captain Faibik, a prominent crypto trader, confirms that this shift has occurred and predicts that Bitcoin's dominance could drop further to around 50%. This presents a favorable opportunity for traders to focus on altcoins, as previous altcoin seasons have resulted in significant profits. Notably, cryptocurrencies like XRP, Solana, Cardano, and Ethereum have experienced notable gains in recent weeks.
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