CandleFocus Bitcoin’s Grip on the Market Weakens, Altcoins Take Off – But There’s a Catch
2024-10-01
Author: Content Editor
Bitcoin's dominance in the cryptocurrency market has started to decline, while the market capitalization of altcoins has surged. However, there are signs of a slowdown in market activity as traders wait for a trigger to ignite a rally in the final quarter of the year. The momentum indicators for altcoins suggest a weakening in bullish trends, indicating a potential shift in market sentiment. The altcoin season, where altcoins outperform Bitcoin over a 3-month period, has not yet arrived according to data from Blockchain Center.
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