Altcoins ‘Starting To Run’ After Reclaiming This Key Level, Altseason Around The Corner?

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Altcoins ‘Starting To Run’ After Reclaiming This Key Level, Altseason Around The Corner? - NewsBTC

Quick Summary:

This movement "indicates a rotation of speculative capital and interest from Bitcoin into Altcoins as retail market participation increases,” the Bitfinex analysts explained, which tends to mark "the onset of the final stage of the bull market where altcoins begin to outperform Bitcoin on an aggregate basis.” Crypto analyst MikyBull pointed out that Alts dominance "just climbed above the trend ribbon” on Tuesday.

Altcoins Market Cap Reclaims 2022 Levels The total crypto market has seen a remarkable performance for the past 21 days, jumping to a market capitalization of $3.36 trillion.

The momentum led the Altcoins market cap to break above the $840 billion mark last week, a level not seen since April 2022.