Bitcoin Dominance on the Rise For 600 Days: Could an Altcoin Season Be Near?

Quick Summary:

Recently, Bitcoin’s price has been between $59,190 and $61,947, struggling to break through the $65,000 resistance level.

While Bitcoin’s dominance has been increasing for over 600 days, altcoins have been on a downtrend for more than 150 days.

During such periods, altcoins often see significant price increases as investors shift their focus away from Bitcoin.

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Article Details

Author / Journalist: Mustafa Mulla

Category: Crypto

Markets: United States

Topics: Dominance Season Price Crypto Market Altcoin Been Bitcoin Altcoins Days

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-31 @ 07:46:23 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 390 words

Reading Time: 3 minutes read

Sentences: 37 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 22311610

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About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 6 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 19 hours ago

Coverage Areas: United States

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Publication Timezone: GMT +8:00

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Publisher ID: #112

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