The current lull in Bitcoin’s market activity might be setting the stage for an altcoin rally. Analysts suggest that Bitcoin’s price, hovering around $90,000, could be an attractive buying area, potentially spurring interest in alternative cryptocurrencies. This comes at a time when Bitcoin’s dominance in the crypto market has slightly decreased, dropping from 54.5% to 53.9% over the past month. Meanwhile, Ethereum’s market share has seen a marginal increase from 17.1% to 17.3%. The total market capitalization of cryptocurrencies has also risen by 1.2% to $2.6 trillion, indicating a possible shift in investor focus towards altcoins.
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
