The Crypto Fear & Greed Index is reading a “Fear” score of 45.Source: alternative.meMany in the crypto industry see the ETH/BTC ratio “bottoming out” as a sign that altcoin season could kick off.On Feb.14, Into The Cryptoverse founder Benjamin Cowen said on X to get an altcoin season, “ETH/BTC needs to bottom and start trending higher.”Bitcoin season could dominateHowever, other indicators suggest that altcoin season may not come so soon, and Bitcoin (BTC) may continue to hold market share in the near term.
Related: Crypto whale liquidated for $308M in leveraged Ether tradePseudonymous crypto trader and Pear Protocol adviser Hansolar said in a March 13 X post that it will be Bitcoin season “all year round.”The trader said altcoin season was only 16 days last year and happened when Bitcoin’s Dominance dropped from 61% on Nov.20 to 55% on Dec.5 before rebounding to 59% by Dec.21.
Ethereum's value against Bitcoin has hit its lowest level since mid-2020, with a crypto trader suggesting that it might be time to shift into higher-performing altcoins.“If still stuck on ETH, it is likely a good time to dump it to buy a higher beta altcoin,” economist and crypto trader Alex Kruger said in a March 12 X post.
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Author / Journalist: Cointelegraph by Ciaran Lyons
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