Based

2024

Bitcoin

<ul class="news-points">
 <li>The altcoin market is expected to rally in late 2024 or early 2025.</li>
 <li>Based on historical trends, increasing Bitcoin dominance is followed by altseason.</li>
 <li>X users stated that no significant development will be seen before Q4.</li>
</ul>
Crypto analysts are eyeing the possibility of an altcoin season in the coming months, based on historical Bitcoin dominance trends. The leading cryptocurrency’s market share has been steadily climbing, delaying a potential altcoin rally.
Historically, major altcoin rallies have followed significant surges in Bitcoin dominance. In 2016, 243 days after the Bitcoin halving, BTC dominance fell to 63%, sparking a substantial altcoin season. A similar pattern emerged in 2020, with Bitcoin dominance dropping to 47% 245 days post-halving, triggering another altcoin surge.
More than 90 days have passed since the 2024 Bitcoin halving, yet Bitcoin dominance remains high at 53.9%, according to CoinMarketCap <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">data</a>. Crypto enthusiast “CryptoBusy” suggests an altcoin season may not materialize until Q4 2024 or early 2025.
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 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 ALTCOIN SEASON TO HAPPEN IN Q4 2024 TO 2025? <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f914.png" alt="🤔" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> dominance is still rising, and altcoin dominance could dump. If we follow wh…
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The post <a href="https://coinedition.com/bitcoin-dominance-delays-altcoin-season-what-history-tells-us/" rel="noopener noreferrer nofollow">Bitcoin Dominance Delays Altcoin Season: What History Tells Us</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Bitcoin Dominance Delays Altcoin Season: What History Tells Us

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