![As Bitcoin [BTC] dominance drops below 55%, is altcoin season here?](https://i.headtopics.com/images/2024/7/11/cryptoamb/as-bitcoin-btc-dominance-drops-below-55-is-altcoin-as-bitcoin-btc-dominance-drops-below-55-is-altcoin-CD685DE6AB29EBCAF1B18041E02C204D.webp)
AMBCrypto's analysis revealed that the Bitcoin dominance chart has been decreasing. On the 10th of July, the dominance was 55.10%
dominance chart has been decreasing. On the 10th of July, the dominance was 55.10%. However, at press time, it was down to 54.62%.
On a Year-To-Date basis, the coins have performed better. But over the last month, and in recent times, the opposite has been the case. If this continues, Bitcoin could fall further despite the correction it has had.At press time, BTC changed hands at $58.257. This represented a 1.37% increase in the last seven days. However, an indicator to check if
If this continues to increase, it can hit $1 trillion, possibly driving a closer move to the much-anticipated altcoin season. If this happens, theIn turn, it reduces Bitcoin dominance. One catalyst market participants are looking forward to is the launch of the spot Ethereum ETFs.
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