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Bitcoin’s Market Share Slips as Investors Rotate Capital Into Altcoins


by Ikemefula Aruogu
for CoinEdition
A drop in Bitcoin's market dominance to an 8-month low signals a potential altseason as capital rotates.
  • Bitcoin dominance has dropped significantly.
  • A drop in Bitcoin dominance signals a momentum buildup for an altseason.
  • The altcoin market cap has surged to $1.55 trillion.

According to a cryptocurrency analyst on X, there is an altseason momentum buildup, reflected in a significant drop in Bitcoin dominance. In his latest post, the analyst noted that Bitcoin dominance has dropped to its lowest level in nearly eight months, a development that could signal a potential altcoin season.

How Much Has Bitcoin Dominance Fallen?

Data from TradingView shows a significant decline in Bitcoin’s market share since late June. The key metric dropped from a peak of 66.03% on June 25 to 57.69% as of August 24. 

This decline reflects a clear power shift in the crypto market. The move follows a period where Bitcoin dominated the headlines and saw massive capital inflows that pushed its price to a new all-time high of $124,517. While Bitcoin led the rally, several altcoins like XRP, which h…

The post Bitcoin’s Market Share Slips as Investors Rotate Capital Into Altcoins appeared first on Coin Edition.

Read the article at CoinEdition

Read More

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“Softer Institutional Demand” Trigger for the $837M Crypto Meltdown, QCP Reports

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Bitcoin’s Market Share Slips as Investors Rotate Capital Into Altcoins


by Ikemefula Aruogu
for CoinEdition
A drop in Bitcoin's market dominance to an 8-month low signals a potential altseason as capital rotates.
  • Bitcoin dominance has dropped significantly.
  • A drop in Bitcoin dominance signals a momentum buildup for an altseason.
  • The altcoin market cap has surged to $1.55 trillion.

According to a cryptocurrency analyst on X, there is an altseason momentum buildup, reflected in a significant drop in Bitcoin dominance. In his latest post, the analyst noted that Bitcoin dominance has dropped to its lowest level in nearly eight months, a development that could signal a potential altcoin season.

How Much Has Bitcoin Dominance Fallen?

Data from TradingView shows a significant decline in Bitcoin’s market share since late June. The key metric dropped from a peak of 66.03% on June 25 to 57.69% as of August 24. 

This decline reflects a clear power shift in the crypto market. The move follows a period where Bitcoin dominated the headlines and saw massive capital inflows that pushed its price to a new all-time high of $124,517. While Bitcoin led the rally, several altcoins like XRP, which h…

The post Bitcoin’s Market Share Slips as Investors Rotate Capital Into Altcoins appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Altcoin Season to Face Delays Unless New Crypto ETFs Launch, Bitfinex Analysts Warn

Altcoin Season to Face Delays Unless New Crypto ETFs Launch, Bitfinex Analysts Warn

As Bitcoin tumbles on the charts this week, the speculation of the altcoin season has...
“Softer Institutional Demand” Trigger for the $837M Crypto Meltdown, QCP Reports

“Softer Institutional Demand” Trigger for the $837M Crypto Meltdown, QCP Reports

Bitcoin is fighting to hold the line at $112,750 this Monday, after a brutal weekend ...