Altseason: Bitcoin Dominance Drops To Lowest Level In Years

AltSeason ArcaneResearch 534x420

It happens every cycle. During a bull run, Bitcoin reaches some kind of temporal stability and traders get bored. And if a sharp drop in prices mixes with that, traders run out of the building through the window. It’s human nature. It’s Altseason. The grass is always greener on the other side. And by “greener” we mean, there seems to be a lot more money in the Altcoins. And that can only mean one thing: it’s Altcoin season. As Arcane Research’s chart shows, Bitcoin’s percentage of the total market capitalization of cryptocurrencies is at 51.8%. That’s the lowest level in two years. Percentage of total Market Capitalization | Source: Arcane Research In April, the middle-sized cryptocurrencies by market capitalization took the biggest portion of the cake. Every altcoin outperformed Bitcoin, even the large-sized ones, who also took a beating. And if the indicators are pointing in the right direction, the…

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