During the season of altcoins (cryptocurrencies – alternatives to bitcoin) you can earn, but for this you need to understand the reasons for what is happening, said Anton Bykov, senior analyst at Esperio. The expert explained to cryptonewsherald the features of this cycle. According to him, the altcoin season is a phenomenon that follows the rise in the price of bitcoin to record highs, after which investors begin to take profits and invest in coins that have not yet had time to take part in the market rally. Thus, the main condition for the season of altcoins is the big
The cryptocurrency market experienced a significant rally last week, providing a much-needed boost for many short-term speculators to turn profits. Bitcoin led the charge, surpassing the $64,790 mark, though the momentum appeared to have eased by the time of writing. This surge was mirrored across the altcoin landscape, with several…
Cryptocurrency analysis platform Alphractal made important observations about the “altcoin season” that investors have been eagerly awaiting in its latest market assessment. According to the company’s data, market dynamics currently still point to the “Bitcoin season.” The Altcoin Seasonality Index, used by Alphractal, has revealed that only a few altcoins…
Cryptocurrency analyst Simeon Koch drew attention to Bitcoin’s market dominance in his assessment and warned about the upcoming altcoin season. According to Koch, for altcoin seasons to begin, Bitcoin’s market dominance rate must first reach a cycle peak. This rate peaked at around 70% in previous bull markets. It is…