2024

when

Reversal

<p>Altcoins, eternal companions of Bitcoin, sadly watch their queen continue to reign supreme in the crypto kingdom. While the long-awaited ‘altcoin season’ seems elusive, everyone’s eyes remain fixed on the leader. Historically, Bitcoin’s rises have preceded altcoin surges, but this time, the scenario might play out differently.</p>
<h2 id="h-bitcoin-an-unquestionable-domination-that-hinders-altcoins">Bitcoin: An Unquestionable Domination That Hinders Altcoins</h2>
<p>For months, Bitcoin has maintained <strong><a href="https://www.cointribune.com/en/bitcoins-unshakeable-dominance-weathering-the-storm-at-55/" target="_blank" rel="noopener noreferrer nofollow">overwhelming dominance</a></strong> over the cryptocurrency market, preventing altcoins from experiencing their traditional surge.</p>
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<p>According to CoinMarketCap data, <strong>more than 90 days after <a href="https://www.cointribune.com/halving-bitcoin-levenement-tant-attendu-est-enfin-arrive/#:~:text=Le%20Halving%20de%20Bitcoin%20de%202024%20est%20d%C3%A9sormais%20derri%C3%A8re%20nous&amp;text=Vers%203%20heures%20du%20matin,le%20nombre%20de%20BTC%20%C3%A9mis." target="_blank" rel="noopener noreferrer nofollow">the 2024 Halving</a></strong>, Bitcoin’s market share remains high at 53.9%. Crypto enthusiasts wonder if an altcoins season is still possible before the end of the year.</p>
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<p>‘CryptoBusy’, a famous <a href="https://x.com/CryptoBusy/status/1810694160812536317?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">crypto analyst on Twitter</a>, highlights:</p>
<p>“If we follow what happened previously, the altcoins season might not occur until the fourth quarter of 2024 or early 2025.”</p>
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     <p lang="en" dir="ltr">ALTCOIN SEASON TO HAPPEN IN Q4 2024 TO 2025? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f914.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" rel="noopener noreferrer nofollow">#Bitcoin</a> dominance is still rising, and altcoin dominance could dump. <br><br>If we follow what happened in the previous price action of BTC.D: <br><br>2016: 243 days after the halving, altcoin season happened when <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> dominance dumped 63%… <a href="https://t.co/kYzKXl2TsE" rel="noopener noreferrer nofollow">pic.twitter.com/kYzKXl2TsE</a></p>— CryptoBusy (@CryptoBusy) <a href="https://twitter.com/CryptoBusy/status/1810694160812536317?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 9, 2024</a>
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<p>Previous cycles have shown that <strong>a significant drop in Bitcoin’s dominance is often followed by an altcoin rally,</strong> but patience is required this year.</p>
<h2 id="h-the-crypto-market-dynamics-awaiting-a-reversal">The Crypto Market Dynamics Awaiting a Reversal</h2>
<p>Summers in the crypto world are often calm, giving way to anticipation and speculation. This year is no exception.</p>
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<p>Analysts like Benjamin Cowen, CEO of IntoTheCryptoverse, insist that the cryptocurrency market capitalization is currently undervalued.</p>
<p>He notes that “the potential rise could occur at the end of the halving year or during the first half of the post-halving year.”</p>
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<p>Recent history shows that <strong>243 days after the 2016 halving, and 245 days after the 2020 halving, Bitcoin’s dominance dropped</strong>, paving the way for a mega rally of altcoins.</p>
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<p>However, the massive BTC sale by the German government and the BTC distribution by Mt. Gox could disrupt this cycle.</p> 
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<p>While waiting for Bitcoin’s dominance to finally give way, crypto enthusiasts remain on the lookout, dreaming of a spectacular altcoin surge or <a href="https://www.cointribune.com/preparez-vous-pour-laltseason-avec-ces-tokens-de-premier-choix/" target="_blank" rel="noopener noreferrer nofollow">altseason</a>. With a bit of patience and a good dose of optimism, the next altcoins season might be well worth the wait.</p>

Bitcoin: Its Dominance is Holding Back the Surge of Altcoins!

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