• Bitcoin, at press time, seemed to be maintaining its $1.94T market cap, gaining by 1.85%
• Altcoin Season Index had a reading of 32, signaling Bitcoin dominance as investors moved away from riskier crypto assets

The cryptocurrency market is no stranger to volatility, with price swings often driven by macroeconomic events, investor sentiment, and technological advancements. Over the last few days and weeks, traders have been closely watching Bitcoin and Ethereum – Both of which have seen significant fluctuations lately.

While Bitcoin has shown some resilience, Ethereum and the broader altcoin market have faced sharp declines. This has led to speculation about whether the market is in a prolonged correction or on the brink of a new rally.

Crypto market faces volatility

The cryptocurrency market has experienced significant fluctuations lately, leaving investors questioning when a strong recovery will take place. With Bitcoin hovering around $1.94 trillion in market capitalization and Ethereum facing a sharp 18.17% decline, the broader market is now flashing some mixed signals.

While Bitcoin has gained by 1.85%, the altcoin sector appears to be struggling, as reflected in the Altcoin Season Index. At press time, it had a reading of 32 out of 100—Indicating that Bitcoin dominance remains strong. This has led analysts to speculate whether a market-wide recovery is imminent or if further corrections are likely.

Analyzing the crypto market cap – Signs of recovery?

At the time of writing, market data revealed a total crypto market cap hovering around $3 trillion, with Bitcoin making up the dominant share.

Stablecoins have se

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Author: Adewale Olarinde

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