Ethereum

bullish

Solana

Bitcoin

when

Ethereum (ETH) has surpassed Bitcoin in 24-hour gains, with a remarkable 8% surge, driving its price to $3,383.97. This rise follows Bitcoin’s impressive performance, hitting a new high of $98,384. As ETH rallies, speculation around an impending “Altcoin Season” intensifies, with other altcoins also showing signs of growth. 
Ethereum’s market cap <a href="https://coinmarketcap.com/currencies/ethereum/" target="_blank" rel="noreferrer noopener nofollow">currently</a> sits at $407.61 billion, marking a 7.73% increase, while its 24-hour volume has surged by 46.45% to $51.51 billion. The recent price action has caught the attention of investors, especially as the crypto market continues to respond to US President-elect Donald Trump’s crypto-friendly stance, adding to the bullish sentiment. 
Despite the strong rally in altcoins, the much-awaited Altcoin Season has yet to materialize. According to a recent report from QCP, investors are still hesitant to fully dive into altcoins, as Bitcoin remains on the <a href="https://www.cryptotimes.io/2024/11/22/bitcoin-price-hits-all-time-high-of-99000-eyes-100k-next/" target="_blank" rel="noreferrer noopener">brink of reaching the $100,000 milestone</a>.&nbsp; 
Historically, altcoins have outperformed when Bitcoin consolidates after a significant rally, with profits typically rotating into smaller-cap coins. 
Currently, Bitcoin’s dominance hovers around 60%, and analysts predict that the altcoin rally could kick off when this dominance falls below 58%. The Altcoin Season Index offers further insight into market trends, currently standing at 33, signaling that altcoins still have room to grow.&nbsp; 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
 <img decoding="async" width="1256" height="584" src="https://www.cryptotimes.io/wp-content/uploads/2024/11/ASI.png" alt="Altcoin Season Index" class="wp-image-217007">
 <figcaption class="wp-element-caption">
 Source: <a href="https://www.blockchaincenter.net/en/altcoin-season-index/" target="_blank" rel="noreferrer noopener nofollow">Blockchaincenter</a>
 </figcaption>
 </figure>
</div> 
This suggests that while Bitcoin continues to be the preferred choice for investors, altcoins are quietly gaining momentum and might be poised for a breakout. Will Ethereum’s recent performance lead the charge for a broader altcoin rally? Is Altcoin Season just around the corner?&nbsp; 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/11/22/solana-surpasses-ath-records-172m-weekly-transactions/" target="_blank" rel="noreferrer noopener">Solana Surpasses ATH, Records 172M Weekly Transactions</a> 
</blockquote>

ETH Overtakes BTC with 8% Surge – Is Altcoin Season Here?

The Crypto Times

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