Crypto Bloodbath: Altcoins Take Take Center Stage With Pepe Leading the Pack; BTC Dominance Dips

Crypto Market Update: Altcoins Surge, Bitcoin Dominance Dips

Despite a disappointing Bitcoin performance over the past week, altcoins have taken center stage this weekend. After reaching new lows recently, the altcoin market has experienced a significant shift in the last 12 hours.

Top 10 Altcoins in the Green

In the past 24 hours, Bitcoin has declined by more than 6%, while Ethereum remains in the red. However, several altcoins have made notable gains:

• Solana: +9%
• Toncoin: +4%
• Dogecoin: +4%
• Cardano: +4%
• Chainlink: +7%
• Pepe: +10%

Market Sentiment and Analysis

Analysts have speculated that the market may be nearing its bottom. Dami Defi observed a decline in Bitcoin dominance, suggesting a flow of liquidity into altcoins. Michael Van De Poppe noted a strong bounce for Bitcoin from recent lows, with altcoins performing even better.

Key Factors to Monitor

As the market holds at its recent lows, it is essential to observe the stability throughout the day. If the market remains stable, it could indicate a potential bottom formation and upward movement.