Ever wondered where the heck is the altcoin party? You’re not alone! The folks at crypto exchange Bybit and London-based research firm, Block Scholes, are also scratching their heads.
Their latest report, “Altcoin Rotation — Why Altseason Hasn’t Come This Time?” dives into the mysterious absence of the altcoin season during the current market cycle. It’s a “sea of uncertainty” out there, but could it still turn into a wild altcoin party?
So, what’s the dealio?
The report points to several factors that have contributed to the current crypto market scenario. For starters, the April 2024 Bitcoin halving didn’t trigger the historical dip in BTC dominance. With Bitcoin’s dominance still high, analysts at Bybit and Block Scholes see a shift from previous bull cycles.
Plus, altcoins haven’t shown the same kind of surge seen in 2
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2025-02-13 00:02