The post Altcoin season in December 2024? Watch out for Bitcoin’s dominance! appeared on BitcoinEthereumNews.com.

Bitcoin’s price volatility dropped sharply, allowing altcoins to shine Altcoin season index revealed that the market will soon turn in the alts’ favour Bitcoin [BTC] investors have been waiting for a long time to see the king coin hit $100k, but it’s taking too much time. Could this wait be any longer? Well, a few recent updates could push BTC into the backseat and allow altcoins to shine in December 2024. Does this mean a fresh altcoin season is arriving soon?  Bitcoin’s dominance is dropping Over the last few days, Bitcoin has been consolidating near the $96k range. This has contributed to a massive decline in the king coin’s volatility. This drop in volatility has led to yet another major development. Captain Faibik, a popular crypto analyst, recently shared a tweet revealing this incident. According to the same, Bitcoin’s dominance has been moving inside a rising wedge pattern since the beginning of 2022. Recently, the graph broke out of this pattern but in a southern direction, hinting at a hike for altcoins. In fact, Captain Faibik even spoke about a 2024-2025 altcoin season in the tweet.  Source: X Is an altcoin season actually here? The fall in BTC’s dominance is actually helping altcoins raise their own market share. As reported previously by AMBCrypto, many are speculating there may be a fresh altcoin season ahead. While the odds are in favor of that happening in 2025, the recent trend of events suggests that it might happen sooner than expected. In fact, it might have already started. For example, Ethereum [ETH], the king of altcoins, remained bullish in the last 24 hours as bulls pushed its price up by more than 3%. Other alts with large market capitalizations have also seen promising performances. Topping the list was XRP, with gains of over…

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Filed under: News - @ December 1, 2024 12:01 am