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Veteran traders hint at altcoin season as Bitcoin cools down

Bitcoin's decline below the $100,000 mark has shifted investor focus to altcoins, according to experienced traders. They believe that altcoins will shine again as Bitcoin undergoes a correction. Historical price movements suggest that altcoins could rally for the next three months, outperforming Bitcoin. Data shows that 64% of the top 50 cryptocurrencies have already outperformed Bitcoin in the past 90 days. However, for the full altcoin season to occur, over 75% of the leading digital assets would need to outperform Bitcoin. Bitcoin currently has a market dominance of 53.1% with a market cap of $1.94 trillion, while the altcoin market cap has dropped to $1.68 trillion.

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