When is Altseason coming? Bitcoin dominance at highest point of the year

Those who have been holding more Bitcoin than Altcoins lately have not made a bad choice. Indeed, Bitcoin dominance has been increasing since the beginning of the year. Glassnode's data show that.

While dominance was 50 percent at the beginning of the year, it is now at 56 percent. Bitcoin dominance describes the share of total crypto market capitalization that belongs to Bitcoin alone. The higher the BTC dominance, the larger BTC is compared to Altcoins such as Ethereum.

Since the beginning of the year, Bitcoin has risen 45 percent. In doing so, it has significantly surpassed Ethereum (ETH). Ether is up only 20 percent in 2024. Usually, BTC dominance is quite fluctuating. When Altcoins outperform BTC, it is called an Altseason.