Bitcoin Dominance Shift Spurs Altcoin Surge

Key Points

1. Bitcoin Dominance (BTC.D) stabilizing signals the start of an altcoin bull run, with assets like XRP and Ethereum experiencing notable price increases.

2. Ethereum (ETH) surpassed $4,000 following a $5 billion purchase announcement, with the ETHBTC pair closing above 0.034, indicating strong upward momentum.

3. BTC.D is testing a long-term ascending channel with diminishing volume and weakening momentum, suggesting a potential downward trend that could benefit altcoins.

4. Analysts highlight Ethereum's bullish chart, predicting further gains despite possible short-term dips, with the total crypto market cap nearing $4 trillion.

5. Daily trading volume increased by 17% to $180 billion, while BTC.D dipped below 60%, reflecting shifting investor focus towards altcoins.