#BTCvsETH
Altcoins are rising regardless of Bitcoin, making it seem like the altcoin season is here. Bitcoin dominance has also fallen to 61%, down from 65% last week. Although Bitcoin dominance is falling, it is still difficult to say for sure whether altcoin season is coming or not, and we will have to wait and see for a few more weeks to confirm whether it is altcoin season or not.
Currently, Bitcoin is hovering between $117,000 and $120,000 and has not yet clearly moved in either direction, but the altcoin prices that have risen along with Bitcoin have made significant gains.
Ethereum is in a bull run this time, and has gained more than 24% in 7 days. It has already reached $3,700, so it is expected to reach $4,000. The main driver of ETH is Ethereum ETFs, and the rate of Ethereum ETF purchases by large institutions is at an all-time high.
Among the top altcoins, DOGE is the only one that can surpass ETH, and DOGE is also rising strongly, having previously traded above $0.3.
Other altcoins to watch include XRP, SOL, SUI, HYPE, and LINK, while BNB is breaking ATHs one after another, so we will have to wait and see when it reaches $800.
With Bitcoin dominance declining, the chances of an altcoin season gradually increase, so if this trend continues, altcoin lovers are expected to be able to make money soon.
Altcoins are rising regardless of Bitcoin, making it seem like the altcoin season is here. Bitcoin dominance has also fallen to 61%, down from 65% last week. Although Bitcoin dominance is falling, it is still difficult to say for sure whether altcoin season is coming or not, and we will have to wait and see for a few more weeks to confirm whether it is altcoin season or not.
Currently, Bitcoin is hovering between $117,000 and $120,000 and has not yet clearly moved in either direction, but the altcoin prices that have risen along with Bitcoin have made significant gains.
Ethereum is in a bull run this time, and has gained more than 24% in 7 days. It has already reached $3,700, so it is expected to reach $4,000. The main driver of ETH is Ethereum ETFs, and the rate of Ethereum ETF purchases by large institutions is at an all-time high.
Among the top altcoins, DOGE is the only one that can surpass ETH, and DOGE is also rising strongly, having previously traded above $0.3.
Other altcoins to watch include XRP, SOL, SUI, HYPE, and LINK, while BNB is breaking ATHs one after another, so we will have to wait and see when it reaches $800.
With Bitcoin dominance declining, the chances of an altcoin season gradually increase, so if this trend continues, altcoin lovers are expected to be able to make money soon.