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- Where will TRUMP coin land by 8:00 AM UTC, April 30? 🙋
- 🎉 Gate.io Growth Points Lucky Draw Round 🔟 is Officially Live!
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Analyst Rekt Capital said that the market capitalization of Bitcoin needs to account for more than 70% in order to start a new round of 'altcoin season'.
BlockBeats news, on February 6th, according to encryption analyst Rekt Capital's view, BTC Dominance needs to break through 70% in order to usher in a new altcoin season. Currently, BTC Dominance has risen to 64.3%, then fell to 61%, but the overall trend is still rising. The analysis points out that the altcoin season at the end of 2024 has ended, and BTC has started to rise since dropping below 55% in December last year, currently pumping 6%. Historical data shows that 71% is a key point for BTC Dominance, and if BTC.D encounters resistance at this level, the market may usher in a new altcoin market.