Altcoin Rally Fizzles Against Dominant Bitcoin

The altcoin market has seen a significant surge in recent times, with prices rising by about 23%. This development has pushed the total altcoin market cap above $1 trillion. However, despite this upswing, Bitcoin dominance remains steady at around 60%, indicating that it still controls the majority of the crypto market.

Mid and small-cap altcoins have shown strong gains, with many trading above their 200-day moving averages. The Altcoin Season Index has dropped to 36, suggesting that while altcoins are gaining, Bitcoin remains the dominant force for now.