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Bitcoin’s competitors encompass a wide range of digital assets and platforms that aim to offer similar or enhanced features compared to Bitcoin, often with different use cases, technological innovations, or economic models. These competitors can be categorized into several groups based on their primary focus and innovation. 1. Ethereum (ETH): Ethereum is Bitcoin's most well-known competitor. While Bitcoin is primarily seen as a store of value and medium of exchange, Ethereum is designed as a decentralized platform that enables smart contracts and decentralized applications (dApps). Ethereum’s flexibility and programmability make it a more versatile blockchain, enabling innovations in decentralized finance (DeFi), NFTs, and more. Ethereum’s transition to proof-of-stake (PoS) with Ethereum 2.0 aims to address scalability and energy efficiency issues, positioning it as a strong contender in the blockchain space. 2. Litecoin (LTC): Often referred to as the silver to Bitcoin’s gold, Litecoin was created by Charlie Lee as a lighter, faster alternative to Bitcoin. While Litecoin shares much of Bitcoin's underlying code, it processes transactions more quickly (with a block time of 2.5 minutes versus Bitcoin’s 10 minutes). Litecoin is frequently used for smaller, everyday transactions, though it does not have the same level of recognition or adoption as Bitcoin. 3. Bitcoin Cash (BCH): Bitcoin Cash was created as a result of a hard fork from Bitcoin in 2017, with the primary goal of addressing Bitcoin's scalability issues. Bitcoin Cash increases the block size limit, allowing for more transactions to be processed per block. This was seen as a way to make Bitcoin more scalable for everyday use, especially in regions with high transaction volume. While Bitcoin Cash has not achieved the same level of adoption as Bitcoin, it remains a strong competitor in the peer-to-peer cash and payments space. 4. Cardano (ADA): Cardano is a blockchain platform focused on creating a more secure and sustainable ecosystem for the development of decentralized applications and smart contracts. It uses a proof-of-stake consensus mechanism, which is considered more energy-efficient than Bitcoin's proof-of-work (PoW) model. Cardano's focus on academic research, scalability, and energy efficiency gives it an edge in attracting developers and investors interested in creating more sustainable blockchain solutions. 5. Polkadot (DOT): Polkadot is designed to enable different blockchains to interoperate with one another, making it a competitor in the sense that it aims to solve scalability and fragmentation issues present in the blockchain space. By connecting multiple blockchains into one unified network, Polkadot offers a different approach than Bitcoin’s siloed ecosystem. This interoperability is a key feature that could disrupt Bitcoin’s dominance by providing a more flexible and scalable platform for decentralized applications and assets. 6. Solana (SOL): Solana is a high-performance blockchain platform known for its fast transaction speeds and low costs. Solana’s consensus mechanism, a combination of proof-of-history (PoH) and proof-of-stake (PoS), allows it to process thousands of transactions per second (TPS), a stark contrast to Bitcoin’s comparatively slower transaction speeds. Solana’s focus on scalability and its use in DeFi and NFTs position it as a competitor to both Ethereum and Bitcoin, particularly in use cases that require high throughput. 7. Avalanche (AVAX): Avalanche is another competitor that focuses on scalability and low-latency transactions. Its consensus protocol, Avalanche, is designed to achieve high throughput and low transaction costs. Like Ethereum, Avalanche is also a platform for building decentralized applications (dApps), but its consensus mechanism enables faster finality and greater scalability. Avalanche has been gaining traction in DeFi and enterprise applications, and its speed and scalability are key features that make it a competitor in the blockchain space. 8. Chainlink (LINK): While not a direct competitor to Bitcoin as a store of value or medium of exchange, Chainlink plays a critical role in the blockchain ecosystem by providing decentralized oracle solutions. Chainlink enables smart contracts to securely interact with external data sources, APIs, and payment systems, making it an essential component of decentralized finance and decentralized applications. As blockchain platforms like Ethereum and Solana grow, Chainlink’s role as an oracle network could position it as a valuable asset in the broader blockchain ecosystem. 9. XRP (XRP): XRP, the cryptocurrency developed by Ripple Labs, focuses on providing fast, low-cost international payments. While Bitcoin aims to be a store of value and peer-to-peer currency, XRP is focused on improving cross-border payment solutions for banks and financial institutions. XRP’s centralization and its regulatory challenges have led to some controversy, but its use in remittances and financial services gives it a distinct niche in the crypto space. 10. Monero (XMR): Monero is a privacy-focused cryptocurrency that uses advanced cryptographic techniques to ensure that transactions are private and untraceable. Bitcoin, by contrast, is pseudonymous but not fully anonymous. Monero's strong emphasis on privacy, fungibility, and security makes it a key competitor for individuals and organizations seeking financial privacy. While Bitcoin has been adopted as a digital gold or store of value, Monero is seen as a more private, transactional cryptocurrency. 11. Tether (USDT) and Other Stablecoins: While stablecoins like Tether (USDT) are not direct competitors to Bitcoin in terms of its role as a store of value, they are significant competitors when it comes to Bitcoin’s role in the broader digital asset market. Stablecoins aim to offer the stability of fiat currencies while leveraging blockchain technology. As stablecoins become more widely adopted in trading, lending, and payments, they could reduce Bitcoin’s volatility, making them more attractive for everyday transactions. 12. Tezos (XTZ): Tezos is a blockchain platform that focuses on self-amendment and formal verification, which ensures that the code is secure and less prone to errors. It uses a proof-of-stake consensus model, positioning itself as an eco-friendly alternative to Bitcoin’s proof-of-work. With its focus on governance and long-term sustainability, Tezos is a competitor in the space of decentralized applications and smart contracts. In conclusion, Bitcoin faces significant competition from various blockchain platforms and cryptocurrencies, each offering different features, use cases, and technological innovations. While Bitcoin remains the dominant cryptocurrency in terms of market capitalization and brand recognition, platforms like Ethereum, Solana, and others continue to innovate and address the limitations of Bitcoin in areas like scalability, smart contract functionality, and transaction speed. The competition from these projects could impact Bitcoin’s market share, especially if their adoption grows in parallel with increased demand for blockchain technology. $BTC

Bitcoin’s role in decentralized finance (DeFi) post-$100k will likely evolve as the market matures, especially as Bitcoin continues to be seen as a store of value and a hedge against inflation. While Bitcoin is not as inherently flexible as other DeFi-friendly platforms like Ethereum, its increasing adoption and price surge could lead to greater integration and use cases within the DeFi ecosystem. Here are some potential ways Bitcoin could contribute to DeFi post-$100k: 1. Collateral in DeFi Lending and Borrowing: As Bitcoin’s price rises and its market capitalization increases, it is lik$BTC ely to be used more widely as collateral in DeFi lending platforms. While Ethereum is the dominant collateral in DeFi due to its programmability and support for smart contracts, Bitcoin’s status as the most recognized and secure digital asset will make it a desirable collateral option. Projects like Wrapped Bitcoin (WBTC) already allow Bitcoin to be used in Ethereum-based DeFi applications, but post-$100k, more DeFi platforms may integrate Bitcoin as a core collateral asset, increasing its utility within the space. 2. Bitcoin-Backed Stablecoins: With Bitcoin reaching a higher price point, the demand for Bitcoin-backed stablecoins could increase. These stablecoins, pegged to the value of Bitcoin, could offer users the ability to leverage Bitcoin’s volatility while maintaining a more stable value. Bitcoin-backed stablecoins can play a vital role in DeFi platforms by providing liquidity and offering a bridge between volatile Bitcoin and the more stable assets used in decentralized finance. 3. Integration with Layer 2 Solutions: Layer 2 solutions like the Lightning Network are increasingly enabling faster, cheaper Bitcoin transactions. Post-$100k, these solutions could see greater adoption, making Bitcoin more usable in DeFi applications. The Lightning Network, for example, could facilitate micro-transactions and provide greater scalability for DeFi platforms, enabling Bitcoin to be used for decentralized payments, remittances, and transactions in a more efficient way. This would help Bitcoin move beyond a store of value to become a usable medium of exchange within DeFi ecosystems. 4. Bitcoin as a Reserve Asset in DeFi Protocols: DeFi protocols could begin to hold Bitcoin as a reserve asset, similar to how traditional financial institutions hold gold or other reserve assets. This would allow Bitcoin to play a foundational role in DeFi ecosystems, supporting the growth of decentralized exchanges (DEXs), decentralized lending platforms, and synthetic asset markets. Bitcoin’s role as a store of value would make it an attractive option for protocols that want to back their operations with a reliable, widely recognized asset. 5. Cross-Chain Interoperability: As Bitcoin’s price increases and its ecosystem matures, cross-chain interoperability between Bitcoin and other blockchain platforms will become more important. Technologies such as atomic swaps, wrapped Bitcoin (WBTC), and cross-chain bridges will allow Bitcoin to be used in decentralized finance applications on Ethereum, Solana, Polkadot, and other platforms. This could increase Bitcoin’s utility in DeFi beyond the Bitcoin blockchain, enabling it to participate in a wider range of decentralized protocols and applications. 6. Enhanced Privacy in DeFi Transactions: Bitcoin’s privacy features, although not as robust as privacy coins like Monero, are still important in the DeFi ecosystem. As privacy concerns grow in the digital asset space, Bitcoin could become more integrated into privacy-focused DeFi platforms. Technologies such as CoinJoin and the integration of privacy protocols on the Bitcoin network (like Schnorr signatures) could enhance Bitcoin’s use within privacy-driven DeFi applications, where users seek anonymity for their transactions. 7. Institutional DeFi Participation: With Bitcoin reaching a price point of $100k or higher, more institutional investors are likely to become involved in the DeFi space. These institutions may use Bitcoin as part of their DeFi investment strategies, taking advantage of yield farming, liquidity provision, and other DeFi services. As institutional adoption grows, the role of Bitcoin in DeFi could become more substantial, with larger, regulated players entering the space and offering new products and services that involve Bitcoin. 8. Synthetic Bitcoin and DeFi Products: As DeFi continues to innovate, synthetic Bitcoin could become a more prominent product. These synthetic assets would allow users to gain exposure to Bitcoin’s price movements without needing to own the physical asset. Platforms could offer synthetic Bitcoin as a derivative in DeFi applications, allowing users to leverage Bitcoin’s price action while engaging in DeFi activities like staking, lending, and liquidity provision. 9. Yield Farming and Staking with Bitcoin: Post-$100k, as Bitcoin’s liquidity continues to increase, it may become a larger part of yield farming and staking protocols. While Bitcoin is not as flexible as Ethereum in terms of smart contract functionality, projects could offer ways for Bitcoin holders to earn yield by locking their Bitcoin in DeFi protocols or liquidity pools. Yield farming with Bitcoin could become more popular as new platforms find ways to bridge the gap between Bitcoin’s relatively simple design and DeFi’s complex requirements. 10. Bitcoin's Impact on DeFi Regulation: As Bitcoin’s price increases and its role in DeFi expands, regulatory scrutiny around Bitcoin’s use in DeFi may intensify. Bitcoin’s rise to $100k could bring further attention from regulators seeking to create frameworks for decentralized finance that involve Bitcoin. This could lead to more clear regulatory guidelines on Bitcoin’s use within DeFi applications, impacting how DeFi protocols operate and interact with both traditional financial systems and the digital asset market. In summary, Bitcoin’s role in DeFi post-$100k could become more significant as its adoption grows and its price volatility stabilizes. As Bitcoin becomes a more established asset in the financial ecosystem, it will likely become increasingly integrated into decentralized finance applications, expanding its utility beyond just being a store of value to a more active participant in the broader DeFi landscape. Through improvements in collateralization, cross-chain interoperability, Layer 2 solutions, and institutional involvement, Bitcoin’s influence in the DeFi space could continue to grow, further cementing its role in the future of decentralized financial systems.

Several global economic factors are driving Bitcoin toward the $100k mark, reflecting the growing adoption and demand for Bitcoin as an asset class. These factors often interplay with each other, creating an environment where Bitcoin is viewed as a store of value, a hedge against inflation, and a viable alternative to traditional financial systems. 1. Inflation and Currency Devaluation: One of the key drivers of Bitcoin’s price surge is the global rise in inflation and currency devaluation. Central banks around the world, particularly in response to economic crises like the COVID-19 pandemic, have adopted ultra-loose monetary policies, including low-interest rates and mass money printing. These actions lead to inflation, reducing the purchasing power of fiat currencies like the U.S. dollar, euro, and others. As inflation rises, Bitcoin is increasingly viewed as a hedge against the loss of value in traditional currencies. Its limited supply of 21 million coins gives it a deflationary characteristic, which positions it as a store of value similar to gold, appealing to investors looking to preserve wealth in uncertain times. 2. Institutional Adoption: As Bitcoin’s market maturity continues, institutional adoption plays a critical role in pushing the price toward $100k. Major financial institutions, including banks, hedge funds, and asset managers, have been increasingly incorporating Bitcoin into their portfolios, either directly or through Bitcoin futures, exchange-traded funds (ETFs), and other financial products. Institutional investors bring liquidity, capital, and credibility to the Bitcoin market. Their involvement tends to reduce Bitcoin’s perceived risk as an asset, making it more attractive for mainstream adoption. Bitcoin’s role as an alternative asset class is growing, especially as interest rates in traditional markets remain low and bonds offer diminishing returns. 3. Global Political and Economic Uncertainty: Political and economic instability around the world can drive people toward Bitcoin as a safe haven asset. Issues such as geopolitical tensions, trade wars, and the rising debt levels of governments make traditional financial systems seem riskier. Countries with unstable currencies, such as Venezuela, Argentina, and Zimbabwe, have seen their citizens flock to Bitcoin as a way to preserve wealth and make cross-border transactions. In advanced economies, global uncertainties such as the pandemic, economic slowdowns, and the potential for future economic crises are prompting investors to diversify into Bitcoin, anticipating its ability to hold value better than fiat currencies during times of crisis. 4. Rise of Digital Payments and Blockchain Adoption: The increasing use of digital payments and blockchain technology is another key driver. As the world moves toward a more digital economy, cryptocurrencies like Bitcoin are becoming increasingly integrated into the financial system. Bitcoin is being used for everything from peer-to-peer transactions to international remittances and institutional investments. In countries where traditional banking infrastructure is weak, Bitcoin offers a decentralized and borderless alternative. Additionally, the rise of central bank digital currencies (CBDCs) could further normalize the use of digital assets, driving greater interest in decentralized assets like Bitcoin. 5. FOMO (Fear of Missing Out) and Speculative Investment: As Bitcoin approaches new all-time highs, the phenomenon of FOMO (fear of missing out) becomes a powerful driver. Retail investors, spurred by media coverage and rising market sentiment, often rush to buy Bitcoin, pushing the price higher. As Bitcoin crosses psychological price thresholds like $50k or $100k, it creates a self-fulfilling cycle where increasing demand drives up prices, attracting more buyers. Speculative investment, particularly in the form of derivatives, futures, and ETFs, also contributes to Bitcoin’s price growth, as traders capitalize on the volatility and potential for profit. 6. Decentralized Finance (DeFi) and NFTs: The rise of decentralized finance (DeFi) and non-fungible tokens (NFTs) has brought increased attention to the cryptocurrency space, and Bitcoin often benefits from the overall surge in interest in blockchain-based assets. While Ethereum plays a dominant role in the DeFi and NFT sectors, Bitcoin remains a key store of value and is often used as collateral in DeFi lending protocols. As more people participate in DeFi and NFT markets, Bitcoin’s prominence in the broader ecosystem is heightened, potentially driving up its price as it becomes a core asset in a larger crypto ecosystem. 7. Bitcoin Halving Cycles: Bitcoin’s built-in monetary policy, which halves the block reward for miners every four years (known as halving), has historically been a key factor in driving up its price. Halving reduces the rate at which new Bitcoin enters circulation, thereby creating scarcity. With each halving, Bitcoin becomes more scarce, and demand tends to increase as supply growth slows. This supply-demand dynamic has historically led to post-halving price increases, and if previous cycles are any indication, Bitcoin could continue to appreciate toward the $100k mark as we approach the next halving event in 2024. 8. Financial Inclusion and the Unbanked: As Bitcoin’s utility in providing financial inclusion to the unbanked and underbanked populations increases, its demand grows. In many parts of the world, particularly in developing countries, people lack access to traditional banking services. Bitcoin offers a decentralized and relatively easy-to-use solution for saving, transacting, and even gaining access to credit via decentralized finance platforms. With Bitcoin, individuals can store their wealth and make transactions without relying on centralized financial institutions or governments. As adoption grows in these regions, Bitcoin’s price may be driven upward by increased demand. 9. Environmental and Energy Efficiency Innovations: As concerns about the environmental impact of Bitcoin mining continue to grow, innovations aimed at making Bitcoin more energy-efficient could help boost its adoption and, consequently, its price. For example, there has been a push for Bitcoin miners to shift to renewable energy sources or use more efficient mining technologies. If the industry successfully addresses environmental concerns and proves that Bitcoin can be mined sustainably, it could help mitigate regulatory pushback and increase institutional interest, further driving Bitcoin’s price toward $100k. 10. Global Reserve Currency Shift: The notion of Bitcoin as a potential global reserve asset has been gaining traction. Some economists and financial experts speculate that Bitcoin could eventually replace or serve alongside traditional reserve currencies like the U.S. dollar or gold. Although this is a long-term prospect, the idea that Bitcoin could be used as a global store of value or medium of exchange in international trade has attracted attention from both investors and governments. As Bitcoin’s global role continues to evolve, its price could continue to rise as it garners more widespread adoption and use in international markets. In conclusion, Bitcoin’s journey to $100k is being driven by a confluence of global economic factors, including inflation, institutional adoption, geopolitical uncertainty, the rise of digital payments, speculative trading, and Bitcoin’s limited supply. As more people turn to Bitcoin as a store of value, hedge against inflation, and alternative asset class, its value is likely to continue to increase, bringing it closer to new price milestones like $100k. $BTC

A technical analysis of Bitcoin's path to $100k involves studying historical price movements, chart patterns, key technical indicators, and market sentiment to predict future price action. As Bitcoin approaches this major milestone, several factors can influence its trajectory. Here's an outline of key technical analysis components that could guide Bitcoin toward the $100k mark: 1. Historical Price Trends and Resistance Levels Historical Resistance Levels: Bitcoin's price history shows significant psychological levels and price ceilings that have acted as resistance in the past. These levels tend to be revisited, with the price sometimes consolidating or retracing before breaking through. Historically, key resistance levels near $50k, $60k, and $69k (the all-time high set in 2021) were significant. Breaking above these levels could set the stage for a push toward $100k. Psychological Milestones: The $100k price point itself will act as a psychological resistance level. Traders often watch for signs of weakening momentum or retracements before the price can decisively break through such major milestones. 2. Support and Resistance Zones Support Zones: Key support levels beneath Bitcoin's price action will act as a cushion for any price pullbacks along the way to $100k. For instance, Bitcoin has established solid support near the $50k and $60k levels in the past. Maintaining these levels could indicate that the price is poised to continue its upward trend. Resistance Levels: As Bitcoin nears $100k, it is likely to encounter resistance near psychological levels like $90k and $95k. Monitoring the price action around these levels will be critical, as a breakout above these zones could signal the final push to $100k. 3. Key Technical Indicators Moving Averages (MA): Moving averages are critical for assessing the long-term trend and potential reversal points. The 50-day and 200-day moving averages are often watched by traders as key trend indicators. A "golden cross," where the 50-day MA crosses above the 200-day MA, is a bullish signal that could indicate strong upward momentum. The opposite, a "death cross," signals potential downtrends. Bitcoin’s ability to remain above its 200-day MA would be a positive indicator of sustained growth toward $100k. Relative Strength Index (RSI): The RSI is a momentum oscillator that helps measure overbought or oversold conditions. An RSI above 70 typically signals overbought conditions, while below 30 signals oversold conditions. As Bitcoin approaches $100k, an RSI nearing 70 or higher could suggest that the market is overheated, prompting a potential pullback or consolidation. Moving Average Convergence Divergence (MACD): The MACD measures the momentum of a trend and can help identify potential shifts in direction. A bullish MACD crossover (when the MACD line crosses above the signal line) often signals the beginning of an uptrend, while a bearish crossover indicates the opposite. Positive MACD divergence could signal that Bitcoin is gearing up for a move toward $100k. 4. Chart Patterns Bullish Patterns: Chart patterns such as ascending triangles, flags, and pennants often signal continuation of a trend. If Bitcoin forms an ascending triangle (where the price makes higher lows while encountering a horizontal resistance level), this could suggest consolidation before a breakout. A pennant or flag formation following a rally could also indicate a short-term consolidation before another bullish move. Breakout and Volume: Volume is an important indicator of the strength of a breakout. For Bitcoin to reach $100k, the breakout past resistance levels will need to be accompanied by high volume. If Bitcoin surges past key levels with low volume, the move could be unsustainable. Healthy volume during a rally typically supports continued upward price movement. 5. Fibonacci Retracements and Extensions Fibonacci Retracements: Fibonacci levels help identify potential price retracement levels in an ongoing trend. If Bitcoin experiences a pullback, key Fibonacci retracement levels (like 38.2%, 50%, and 61.8%) can provide insight into where the price may find support. For example, if Bitcoin rallies to $80k and retraces, the 50% retracement level may act as a potential support zone. Fibonacci Extensions: These levels help predict potential price targets. If Bitcoin is moving upward toward $100k, Fibonacci extensions can offer potential resistance targets. For example, a 161.8% extension from a prior move could place the $100k target in play as a potential point of resistance. 6. On-Chain Analysis and Market Sentiment On-Chain Data: On-chain analysis involves looking at the amount of Bitcoin held in wallets, the movement of coins between wallets, and network activity. If more Bitcoin is held in long-term wallets (e.g., by institutional investors) and fewer coins are available on exchanges, this suggests strong demand and low selling pressure. This can create a positive technical backdrop for Bitcoin to move toward $100k. Market Sentiment: Sentiment analysis of the broader cryptocurrency market (e.g., through social media, news stories, and trader sentiment) will also influence Bitcoin’s price. Positive sentiment from retail and institutional investors, particularly when Bitcoin’s price reaches new all-time highs, can help fuel a further rally. 7. Volume Profile and Order Flow Volume Profile: This tool tracks the volume of trades at various price levels, revealing where large institutional players may have established positions. A volume profile that shows significant accumulation around the $50k to $60k range could indicate strong support at these levels. The market’s ability to maintain support and generate increasing volume as it approaches $100k could indicate further bullish momentum. Order Flow: Monitoring the order flow (the flow of buy and sell orders on exchanges) can also provide insights into market pressure. If there’s an overwhelming amount of buy orders at key price levels, this can signal bullish continuation. 8. Market Cycles and Seasonal Trends Market Cycles: Bitcoin operates in cycles, often following a pattern of accumulation, bullish rallies, distribution, and correction. As Bitcoin approaches $100k, it is essential to assess whether the market is in an accumulation phase or has entered the distribution phase, where early investors may look to take profits. Seasonal Trends: Historically, Bitcoin has experienced bullish momentum around the end of the year, with some significant price moves occurring during the fourth quarter. This could influence the timeline for Bitcoin’s rise to $100k. 9. Institutional and Macro Factors Institutional Inflows: Institutional involvement in Bitcoin has grown significantly in recent years, and their buying power can substantially influence Bitcoin’s price. The price of Bitcoin could surge toward $100k if major financial institutions continue to increase their exposure. Macroeconomic Conditions: Broader macroeconomic trends, such as inflation, central bank monetary policies (e.g., interest rate cuts or quantitative easing), and economic uncertainty, could drive more capital into Bitcoin as a store of value. These factors, in combination with technical indicators, can lead to upward price momentum toward $100k. Conclusion Bitcoin’s path to $100k will likely be influenced by a combination of technical analysis, on-chain data, market sentiment, and macroeconomic factors. A sustained uptrend would require Bitcoin to break through key resistance levels, maintain strong support zones, and continue demonstrating bullish chart patterns and volume. As Bitcoin moves closer to the $100k mark, any technical setbacks, such as pullbacks to key support levels or resistance at psychological milestones, will need to be monitored closely for signs of strength or weakness. $BTC

Top 5 altcoins from the 2021 bull run set to explode this cycle Table of Contents Market Musing-g Top 5 altcoins from the 2021 bull run set to explode this cycle able of ContentsBitcoin faces resistance enroute to its $100,000 target, with a likelihood of consolidation. This has sparked a fresh interest in the altcoin market. In 2021, altcoins delivered massive gains to traders when Bitcoin paused its rally, and a similar scenario may be unfolding this cycle.  With traders anticipating another potential breakout, we analyse key altcoins that could rally once more if Bitcoin takes a breather. This deep dive explores five altcoins from the 2021 bull run that are showing signs of gearing up for an explosive move this cycle. Table of Contents Join us in showcasing the cryptocurrency revolution, one newsletter at a time. Subscribe now to get daily news and market updates right to your inbox, along with our millions of other subscribers (that’s right, millions love us!) — what are you waiting for? Bitcoin dominance dwindles, altcoin gains likely $BTC s dominance peaked at 61.53%, the highest level since 2021, on November 18. Since then, dominance has dwindled, down to 58.97% on Tuesday, November 26, 2024.  A decline in Bitcoin dominance typically paves the way for capital rotation into altcoins and a likely comeback in the altcoin season, where at least 75% of the tokens outperform Bitcoin in a 90-day timeframe.   During the 2021 bull run, Bitcoin dominance dropped to 40%, and altcoins started rallying, yielding nearly double-digit gains for traders during the cycle. A similar occurrence could push altcoin prices higher during this bull run. Bitcoin dominance % | Source: TradingView  You might also like:  Is it altcoin season? The altcoin season index on Blockchaincenter.net shows a steady climb in the scale that measures whether it is “alt season.” When 75% of the top 50 altcoins outperform Bitcoin in a 90-day timeframe, it confirms an alt season, excluding stablecoins like Tether, DAI, and asset-backed tokens like WBTC, stETH, and cLINK.  The chart shows an increase in the index, up from 6 on November 5 to 57 at the time of writing. Once the metric touches 75, it marks an “altcoin month.” When this occurs in the 90-day timeframe, it is altcoin season.  While it isn’t altcoin season yet, this shows steady progress towards the same, and traders can begin preparing by adding relevant altcoin tokens to their portfolio to take profits in the coming weeks.