Binance Altcoin Volume Spikes — Is This the Start of Altseason?
Main Idea
Altcoin trading volume on Binance Futures surged to $100.7 billion in a single day, marking the highest level since February 3, 2025, while Bitcoin's dominance is declining.
Key Points
1. Altcoin trading volume on Binance Futures spiked to $100.7 billion in a single day, the highest since February 3, 2025.
2. Solana (SOL) and XRP saw significant trading volume increases, with XRP hitting an all-time high of $208 billion.
3. Ether (ETH) remained steady above $3,000.
4. Bitcoin's trading volume has been overshadowed by the surge in altcoin activity, and its dominance is falling.
Description
Since bitcoin (BTC) has been consolidating after hitting an all-time high, altcoins have been on the move. Large-cap assets have been leading, and the meme coin sector has been rising as well, with crypto community members wondering if this marks the onset of the long-awaited altseason. While it remains unclear whether this brief period is beginning, the market continues to see activities that suggest that it is likely the case. One of them is the surge of altcoin trading volume on the world’s l...
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