Bitcoin’s (BTC) dominance frequency has fallen in particular this month, which expires hope for a fully blown all-season or period when the bull market spreads beyond BTC and lifts valuations in other sectors in the digital assets market.
Joao Wedson, CEO and founder of Crypto Data Analysis Platform Alphractal, expects a full-blown all-season to unfold in June.
Bitcoin’s dominance frequency, which measures the leading cryptocurrency’s share of the total market for digital assets, has decreased from approx. 65% to 62% in a week, finishing a long-lasting five-month uptrend, according to Data Source TradingView.
At the same time, the total crypto market value has risen from $ 2.90 trillion to $ 3.24 trillion.
The contrast suggests a shift in investor interest from Bitcoin against alternative cryptocurrencies.
Per. Wedson is already underway the ALTCOIN season and the BTC dominance is expected to fall rapidly in the coming months. Wedson’s proprietary Altcoin season index, which focuses on selected 57 Altcoins, shows that 37 of these coins have surpassed BTC in the last 60 days.
“Even if BTC falls in the coming weeks, most Altcoins are already tied out and they are unlikely to fall below the latest price levels. Part of Bitcoin’s $ 2 trillion market capital will probably flow into altcoins. So be sure to analyze your altcoin against BTC pair (F.
However, wider measures suggest that the bull market has not yet expanded beyond BTC. For example, CoinMarketCaps Altcoin index, which focuses on the top 100 coins, remains fixed at 27 to suggest the “Bitcoin season.”
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