Altcoins are rocketing, Bitcoin dominance hasn’t ‘even sneezed’: Analyst

Key Points

1. Bitcoin Dominance is currently at 64.46%, down only 1.53% over the past week, while altcoins have seen significant price spikes.

2. Analyst Matthew Hyland predicts altcoins will perform even better if Bitcoin Dominance falls from 65% to 45%.

3. Ether (ETH) has risen 17.68% recently, and the ETH/BTC ratio is up 8.39% over the past seven days, indicating a shift in focus toward altcoins.

4. Despite altcoin gains, the Altcoin Season Index still indicates a 'Bitcoin Season,' suggesting Bitcoin remains dominant in the market.

5. Some traders believe this could be the 'final easy' altcoin season, with potential for further redistribution of profits into altcoins if Bitcoin stabilizes.