[LIVE] BTC Dominance Drop Under 60%: Crypto Expecting A Massive Rally Mirroring 2021
Bitcoin or BTC dominance has dipped below 60 percent, a level not seen since early 2023. This drop usually precedes an altcoin rally or bull run akin to the 2021 surge. As capital rotates from the king to riskier assets, Ethereum leads the charge, climbing near its all-time high amid strong ETF inflows and network upgrades.
This drop is also aligning with market optimism, fueled by the anticipated Fed’s rate cuts and institutional buying spree.
(BTC.D)
Dominance Has Dropped, Alts Have Been Outperforming BTC
Ethereum stands out against Bitcoin, with ETH/BTC pair gaining 8.4 percent in the 24 hours, pushing Ethereum to $4,700 while Bitcoin consolidates around $119,000.
Solana follows suit, up 11 percent versus Bitcoin and trading at $200. Cardano and Chainlink also shine, with ADA up 8 percent and LINK surging 12 percent against BTC amid the dropping Bitcoin dominance.
On the other hand, XRP adds 5 percent, buoyed by post-lawsuit clarity, while Dogecoin gains 7 percent with social media buzz. Pepe exemplifies high-volatility plays, jumping 18 to 28 percent versus Bitcoin, as the meme and AI sectors average 20 to 30 percent daily gains.
Overall, altcoins show 20 to 30 percent sector-wide outperformance, with derivatives and fan tokens leading at 30 percent plus, showing an early rotation from Bitcoin.
TOTAL3, the market cap excluding Bitcoin and Ethereum, also proves this momentum, up 5 to 8 percent daily and 15 percent monthly, holding an upward channel with support at $800 billion.
(TOTAL3)
Historical mirrors to 2021, when BTC dominance fell to 38 percent and altcoins exploded 10x to 50x. Confirmation will require weekly closes below 59.8 percent, unlocking a full-blown bull run in alts over one to two months.
Once dominance slides to 55 to 57 percent, expect 10x gains in some projects.
Be Ready.
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The post [LIVE] BTC Dominance Drop Under 60%: Crypto Expecting A Massive Rally Mirroring 2021 appeared first on 99Bitcoins.
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