Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/will-altcoins-surpass-bitcoin-soon-2" data-wpel-link="internal" rel="noopener noreferrer nofollow">Will Altcoins Surpass Bitcoin Soon?</a><br></p>
<p style="text-align: justify">Founders of Glassnode, Jan Happel and Yann Allemann, have indicated that altcoins might soon experience significant growth, potentially outpacing <a href="https://en.bitcoinhaber.net/could-bitcoin-price-surge-in-the-coming-weeks" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a>. This assertion was made in a recent social media update to their 63,300 followers, raising interest in the cryptocurrency market’s dynamics.</p>
<h2 id="what-factors-influence-bitcoin-s-declining-dominance">What Factors Influence Bitcoin’s Declining Dominance?</h2>
<p style="text-align: justify">The duo analyzed the current Bitcoin Dominance (<a href="https://en.bitcoinhaber.net/analysts-predict-bitcoin-bottom" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a>.D) chart, observing a notable decline in Bitcoin’s share of overall cryptocurrency market capitalization. This trend suggests that alternative cryptocurrencies could be on a path for quicker value appreciation compared to Bitcoin.</p>
<h2 id="could-bitcoin-s-price-stabilization-lead-to-a-shift">Could Bitcoin’s Price Stabilization Lead to a Shift?</h2>
<p style="text-align: justify">For altcoins to thrive, Bitcoin must hold steady above the $100,000 mark. This stabilization could provide the necessary environment for altcoins to experience substantial growth.</p>
<p style="text-align: justify">Key takeaways from their analysis include:</p>
<ul>
 <li>Bitcoin’s dominance is decreasing, possibly paving the way for altcoins.</li>
 <li>Long-term holders are selling, creating pressure on Bitcoin’s price.</li>
 <li>Potential for a market shift could arise as the new year approaches.</li>
</ul>
<p style="text-align: justify">Currently, Bitcoin is priced around $101,893, with its dominance at approximately 56.94%. This positioning indicates it remains below the trend line highlighted by the Glassnode founders. Observers are keenly watching how these dynamics might influence market trends in the near future.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/will-altcoins-surpass-bitcoin-soon-2" data-wpel-link="internal" rel="noopener noreferrer nofollow">Will Altcoins Surpass Bitcoin Soon?</a></h5>

Will Altcoins Surpass Bitcoin Soon?

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