Bitcoin (BTC) now accounts for less than 60% of the total cryptocurrency market capitalization, heralding the arrival of “Altcoin Season 2.0”.
In a tweet on March 29, analyst Filbfilb, co-founder of the Decentrader trading suite, announced that conditions were finally right for a new surge in altcoins, as their total market capitalization is reaching new peaks of almost USD. 750 billion.
Here’s why Bitcoin is leaving behind major altcoins like Ethereum
Market capitalization of altcoins. Source: Coinmarketcap.clmBitcoin domain at lowest level since October Highlighting the current spot price of the BTC / USD pair, the combined market capitalization of altcoins in USD and the dominance of the market capitalization of Bitcoin, Filbfilb summarized the market into what will be music to the ears of altcoin traders everywhere.
When will the ‘altcoin season’ happen? Now, says one analyst as Bitcoin’s dominance hits a 6-month low