In accordance with CryptoSlate, Bitcoin's market dominance has surged by 6% over the past week, reaching nearly 60%. This increase comes as major altcoins like Ethereum, Solana, and XRP experience significant losses, driven by recent Federal Reserve policy adjustments. The shift marks a notable change from earlier predictions of an 'altseason,' where altcoins were expected to outperform Bitcoin. The Altcoin Index, which had previously reached a high of 90, has now dropped to 43 as of December 20. Analysts suggest that the alt season may have concluded, with investors seeking safety in Bitcoin amid market volatility.
Bitcoin Dominance Nears 60% as Altcoins Struggle Amid Fed Policies
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