Global #altcoin season

Despite Bitcoin (BTC) recently approaching a new all-time high before dipping to $110,000, a common pattern when it tests new price levels, attention is shifting to altcoins.

A surge in altcoin trading volume on Binance has fueled speculation about an impending altcoin season. While Bitcoin dominance remains significant at 57.74%, up 2.41% in the past month, the growing retail investor interest in altcoins suggests a shift in market sentiment.

After a challenging 2024, Cardano (ADA) has ignited investor enthusiasm with a remarkable price surge, climbing from $0.80 to $1.14 at press time.

As the US Presidential Election draws nearer, Bitcoin's dominance in the cryptocurrency market is surging, raising concerns for an impending altcoin season.

In the past three weeks, the cryptocurrency market has experienced a remarkable surge, with the total market capitalization rising from $1.828 trillion to $2.261 trillion—a nearly 20% increase.

As the cryptocurrency market evolves, Binance Coin (BNB) stands out as a prominent altcoin to watch, particularly with expectations of significant gains in the fourth quarter of 2024.