Bitcoin has regained its position above $100,000, yet it's the altcoins that are driving the market momentum. Ethereum has seen notable gains, up 9.2% and approaching $2,000 for the first time since March. Dogecoin and Cardano are also performing well with over 8% increases, while certain cryptocurrencies like Sui and Bitcoin Cash have surged by double digits. Despite the enthusiasm for an 'alt season', Bitcoin’s dominance remains high at 64%. Analysts caution that increased discussions about altcoins on social media might be a warning sign for investors, highlighting that successful entries into altcoin cycles often occur when interest is low. The current market climate is further complicated by uncertainties surrounding trade policies and economic conditions. Traders are advised to approach investments with caution amidst the upbeat trends.

Source 🔗