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Alt Coins Decline Reason (IncludingXRP)!!! The cryptocurrency market has seen a sharp downturn in the last 24 hours, with Bitcoin (BTC) dropping below the 100K mark and Ethereum (ETH) losing 5% of its value. This sudden sell-off has resulted in 532 million in liquidations, according to data from Coinglass. As a result, major altcoins have also suffered, with XRP (XRP), Stellar (XLM), and Hedera (HBAR) all declining by over 6%. A key reason behind this decline can be seen in Bitcoin dominance, which is showing a crucial technical pattern. The BTC dominance 4-hour chart has formed a classic rising wedge pattern since January 13. This pattern has played out with higher highs and lower lows, and on January 30, BTC dominance finally broke below the wedge at 59.40%.After the breakout, BTC dominance initially fell to 58.62% but then rebounded for a retest, which took it back to 59.71% today before settling at 59.64%. This retest of the previous support now acting as resistance seems to have triggered the altcoin correction. If BTC dominance confirms this rejection and resumes its downtrend, it could signal a quick recovery for altcoins. A confirmed pullback from here would validate the breakdown of the rising wedge, potentially leading to a strong bounceback for $XRP , $XLM , $HBAR , and other altcoins in the coming days. However, traders should closely monitor BTC dominance. A further decline would signal a shift back towards altcoin strength, but if BTC dominance fails to pull back and instead breaks above this resistance, it could invalidate the bearish wedge pattern. This might indicate market manipulation, leading to continued pressure on altcoins. Thankyou and Thanks for your time

Alt Coins Decline Reason (IncludingXRP)!!! The cryptocurrency market has seen a sharp downturn in the last 24 hours, with Bitcoin (BTC) dropping below the 100K mark and Ethereum (ETH) losing 5% of its value. This sudden sell-off has resulted in 532 million in liquidations, according to data from Coinglass. As a result, major altcoins have also suffered, with XRP (XRP), Stellar (XLM), and Hedera (HBAR) all declining by over 6%. A key reason behind this decline can be seen in Bitcoin dominance, which is showing a crucial technical pattern. The BTC dominance 4-hour chart has formed a classic rising wedge pattern since January 13. This pattern has played out with higher highs and lower lows, and on January 30, BTC dominance finally broke below the wedge at 59.40%.After the breakout, BTC dominance initially fell to 58.62% but then rebounded for a retest, which took it back to 59.71% today before settling at 59.64%. This retest of the previous support now acting as resistance seems to have triggered the altcoin correction. If BTC dominance confirms this rejection and resumes its downtrend, it could signal a quick recovery for altcoins. A confirmed pullback from here would validate the breakdown of the rising wedge, potentially leading to a strong bounceback for $XRP , $XLM , $HBAR , and other altcoins in the coming days. However, traders should closely monitor BTC dominance. A further decline would signal a shift back towards altcoin strength, but if BTC dominance fails to pull back and instead breaks above this resistance, it could invalidate the bearish wedge pattern. This might indicate market manipulation, leading to continued pressure on altcoins. Thankyou and Thanks for your time

As Bitcoin [BTC] and other top cryptos consolidated their dominance, altcoins have been left struggling for relevance. The chart shows a steady decline in the dominance of altcoins outside the top 10 over the years. This diminishing focus on smaller tokens stems from Bitcoin’s growing reputation as a “safe haven” asset and Ethereum’s dominance in smart contract applications. Both giants have captured the lion’s share of market capitalization, leaving limited room for speculative altcoin surges. With institutional investments and increasing public trust flowing predominantly toward the top players, the days of altcoins driving market excitement might be waning. The exponential rise in the number of unique crypto tokens highlights a major shift in the market landscape. Since 2017, the sheer volume of token creation has surged, surpassing 30 million unique tokens by late 2024. This rapid growth has fragmented investor attention and diluted capital allocation. Platforms like Solana [SOL], Ethereum [ETH], and Polygon [POL] continue to dominate token creation, but the overwhelming supply of new projects has made it increasingly difficult for individual tokens to gain traction. As more tokens flood the market, questions about quality, utility, and long-term viability emerge, making it harder for investors to distinguish between promising altcoins and fleeting trends. While Bitcoin has traditionally been the dominant force in the crypto space, its market cap trajectory diverged sharply from other cryptocurrencies post-2022. Bitcoin reached a market cap exceeding $2 trillion in 2024, maintaining a steady climb despite volatility in the broader crypto market. Conversely, other cryptocurrencies experienced significant fluctuations, with their collective market cap lagging behind Bitcoin. This decoupling further proves Bitcoin’s unique role as a store of value and highlights fragmentation in the altcoin market. The persistent dominance of Bitcoin raises questions about the future of “altseason.” Bitcoin’s market cap keeps rising, while altcoins remain volatile and fragmented, reflecting reduced confidence or a shift toward quality. Yet, innovation in altcoins, driven by new use cases and blockchain progress, hints at potential for a delayed resurgence. Altseason may not be over, but it may need broader market stability and maturing altcoin projects to challenge Bitcoin’s dominance.$ALT

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