The Bitcoin (BTC) domain rate has decreased significantly this month, which caused the hopes of a full -fledged season or alternative period where the upward market extends beyond BTC, raising valuations in other sectors of the digital asset market.
Joao Wedson, CEO and founder of the Crypto Alphractal data analysis platform, hopes that a complete alternative season will take place in June.
The Bitcoin domain rate, which measures the participation of the leading cryptocurrency in the total market for digital assets, has decreased from approximately 65% to 62% in a week, finishing a prolonged upward trend of five months, according to the commercial view of the data source.
During the same time, total market capitalization has increased from $ 2.90 billion to $ 3.24 billion.
The contrast suggests a change in the interest of investors from Bitcoin to alternative cryptocurrencies.
According to Wedson, the Altcoin season is already underway and BTC domain is expected to decrease rapidly in the coming months. The patented index of the Altcoin de Wedson season, which focuses on 57 selected altcoins, shows that 37 of those coins have surpassed BTC in the last 60 days.
“Even if BTC falls in the coming weeks, most of the Altcoins have already touched the bottom, and it is unlikely that they will fall below the levels of recent prices. Part of the market limit of $ 2 billion of Bitcoin is likely to flow to Altcoins. So be sure to analyze its Altcoin against the BTC pairs (EG, ETH/BTC or Cotc or Cotc or Cotc/BTC). In a detailed post in X.
However, the broader measures suggest that the upward market has not yet expanded beyond BTC. For example, the Altcoin index of CoinmarketCap, which focuses on the 100 main currencies, remains stuck in 27 to suggest “Bitcoin season”.
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