The suddenness of yesterday in the cryptocurrency industry Bitcoin (BTC) The decline scared investors. Although the gradual decline after Bitcoin’s needle to $ 68,000 did not cause panic, the 6% decrease in BTC in the minutes yesterday had the opposite effect.
Despite this, the rebound Bitcoin may actually start the altcoin season.
bitcoin As altcoins continued to be crushed while rising, experts emphasized that at some point this should change and BTC should stop.
BTC, which rose above $ 61,000 after yesterday’s decline, is now in the safe zone and is giving full consolidation signals. If Bitcoin, which has achieved a 3% increase in 24 hours, can stay at this level, the altcoin season can begin.
Altcoins Come to Life
Altcoins were generally active, with ETH rising 3%, BNB 3%, ADA 2.7%, SOL 3.9% and XRP 4.0% in 24 hours.
Bitcoin’s overall market dominance has also dropped to 44%, which shows how active altcoins are. If this dominance falls below 40% in the coming days, it may be the announcement of the altcoin season.
In this case, first of all, old records will have to be broken and psychological resistances will have to be overcome. The first of these is that Ethereum sees $ 5,000 and Solana reaches $ 250. In particular, it is highly possible that the rise of Ethereum will lead the rally, and the investor is focused on this.