Altcoin Season Ahead? QCP Capital Points to Bitcoin’s Diminishing Dominance
QCP Capital highlighted a surge in global markets following a softer-than-expected Consumer Price Index report. Signaling optimism across both traditional equities and cryptocurrencies.
Bitcoin rose 4.13%, peaking at $100.8K before settling just under $100K, while Ethereum and other altcoins showed potential for growth. Bitcoin ETFs saw massive inflows. Reflecting growing institutional confidence. QCP noted a slip in Bitcoin’s dominance from 58.6% to 57.4%, which could signal the start of altcoin season. This shift is supported by increasing activity in Bitcoin options and a bullish sentiment in the market, driven by easing inflation concerns.
Clever Robot News Desk 19th January 2025
