Bitcoin and Ethereum Edge Higher as Traders Eye Altcoin Rotation

Bitcoin and Ethereum continued their upward trend on July 31, rising by 0.29% to around $64,145.86 and trading near the $1,900 to $1,920 range respectively.

A slight decrease in BTC and ETH dominance suggests that traders are watching altcoin rotation, but it's not enough to call a broad altseason just yet.

The market is becoming more selective, with traders scanning altcoins for relative strength, fresh narratives, and clearer catalysts.