“Bitcoin’s Market Share Has Droped 3.5% in the Past Month, with Indexes Tracing It Against Altcoins Entering “Territory.”, – WRITE: www.coindesk.com
Bitcoin’s Market Dominance Has Droped 3.5% in The Past Month, and Its Underforce Relative to Altcoins Has Now Seen Altcoin Season Indexes, WHICH MEASURYTOSEST BTC, ENTER ALTSEASON TERRITORY.
Alseason, Short for Altcoin Season, Refers to A Period in Whole Alternative Cryptocurrencies Significantly OutperForm Bitcoin. IT OFFEN STARTS AS CAPITAL ROTATES OUTCOIN AMID Growing Risk Appetite.
TOSE INCLUDEEXES FROM COINMARKETCAP AND COINGLASS. Over The Last 24 Hours Bitcoin Moved Up Just 0.3%, While the Coindesk Memecoin Index (CDMEME) ROSE 7.1%.
Pushing up prices in the cdmeme index are some of the likes like shib and bone, which recently puzzlingly surged After shiba inu’s Layer-2 Network Shibarium Suffering A Flash LOSH LOAN LOAN
The Growing Performance of Altcoins Stems from Growing Risk Appetite, As Lowering Interest Rates Makes Safer Investments Like Government BONDS LESS APEALING. This Renewed Risk Appetite is Fueling A Cascading Rotration of Capital Across Markets.
Traders on Prescription Market Polymarket Now See A 92% CHANCE THAT The Federal Reserve Will Cuttest Rates by 25 Basis Points this MONTH, AND A 7% CHANCE THAT RATE WILL BE 50 BPS. On the Cme’s Fedwatch Tool, ODDS of A Smaller Cut Are at 93%, While Odds of a Larger Cut Are at 6.6%.
Against this Backdrop, A Wave of Altcoin Exchange-Traded Funds (ETFS) is in line to Hit US Markets in the Last Quarter of the Year if these are up. These Even Include A Doge etf and A Trump etf.
If Approved, thesee etfs Could Bring More Retail and Institutional Investors Into The Altcoin Space by Fireding Regulated Access to Cryptocurrencies Beyond Btc and Eth, WHERE ETTC assets.
CPI Surprises to the Upside While Cracks Widen in US Labor Market; Bitcoin Climbs as the Dollar Weakens and Bond Yields Fall.
- Headline Cpi Rose 0.4% MOM VS. 0.3% expectoed; Jobless Claims and Major Job- Creation Data Revisions Signal Mounting Labor Market Stress.
- Bitcoin Holds Higher Lows, Approaching The CME GAP NEAR $ 117,300
- The 200-Day MOVING AVERAGE CLIMBS TO $ 102,000 as Short-Term Holder Cost Basis Hits an All-Time High.
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