Bitcoin

<p class="is-style-lead">According to a Dec. 6 post on X from Kaiko, the altcoin market share volume reached 67% last week, with Bitcoin and Ethereum sitting at 28% and 11%, respectively.&nbsp;</p> 
<p>As suggested by a leading source of cryptocurrency market data, this indicates a shift in investor sentiment and a growing appetite for altcoins.</p> 
<h2 class="wp-block-heading" id="chart-watch">Chart watch</h2> 
<p>With notable momentum since October, cryptocurrency enthusiasts are eagerly watching the charts, speculating whether this surge marks the beginning of a full-fledged altcoin season, a market cycle in which the price of a significant number of crypto assets, which are different from BTC, have better growth indices than the above currency.</p> 
<p> You might also like: <a href="https://crypto.news/terra-classic-rally-after-binance-burns-3-9b-lunc-this-altcoin-could-also-soar/"> Terra Classic rally after Binance burns 3.9b LUNC, this altcoin could also soar </a> </p> 
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   <p lang="en" dir="ltr">Is <a href="https://twitter.com/hashtag/altcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#altcoin</a> season approaching?<br><br>Altcoin market share of volume has soared since October, hitting 67% last week. <a href="https://t.co/cWEmpZ4key" target="_blank">pic.twitter.com/cWEmpZ4key</a></p>— Kaiko (@KaikoData) <a href="https://twitter.com/KaikoData/status/1732345386520772845?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">December 6, 2023</a>
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<p>This perspective has since been shared by crypto analyst <a href="https://crypto.news/altcoin-market-on-brink-of-parabolic-growth-analyst-predicts/">@Mags</a>, who predicted parabolic growth in November.</p> 
<p>These predictions have been met with several altcoins reaching their highest valuations since November 2022, including <a href="https://crypto.news/luna-classic-starts-to-rise-as-holders-believe-it-might-be-bottom/">Luna Classic</a> (<a href="https://crypto.news/price/terra-luna-classic/">LUNC</a>) and other coins like&nbsp;<a href="https://crypto.news/energi-sees-172-price-surge-following-co-founder-interview/" target="_blank" rel="noreferrer noopener">Energi</a>&nbsp;and&nbsp;<a href="https://crypto.news/binance-listing-triggers-75-price-surge-for-blur-token/" target="_blank" rel="noreferrer noopener">Blur</a>, reporting impressive growth in the last week.</p> 
<p> Read more: <a href="https://crypto.news/institutions-show-no-interest-in-altcoins-allocate-bags-in-bitcoin-bybit-research-says/"> Institutions show no interest in altcoins, allocate bags in Bitcoin, Bybit Research says </a> </p>

Kaiko says beginning of altcoin season may be approaching

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