Bitcoin 
$66,895(BTC) market dominance continued to increase and reached 58 percent. This situation is seen as a clear indication that the altcoin season has not started yet. According to the Matrixport report, although there are more than 20 thousand altcoins in the market, investors’ focus is still focused on Bitcoin.
Altcoins are still in the background
matrixportAccording to ‘s latest research, Bitcoin’s dominance shows that Exchange Traded Funds (ETFs) inflows are not adding significantly to altcoins. Since the share of altcoins in the market was not the main focus of investors, it could not achieve a major upward trend.
According to the report, small investors have not yet made a strong entry into the market. This explains why Bitcoin attracts greater interest compared to other cryptocurrencies.
Bitcoin’s Transaction Volume is Growing Exponentially
On the other hand, Matrixport, Bitcoin transaction volumeHe pointed out that the amount has almost doubled, from 10-20 billion dollars in 2023 to 20-40 billion dollars in 2024. This increase makes it even clearer how Bitcoin is increasing its influence on the market.
Bitcoin also beats in terms of risk-adjusted returns cryptocurrency marketIt continues to stand out as one of the best investment options in Turkey. Experts fuel confidence in this aspect by stating that the largest cryptocurrency is still one of the most reliable and profitable investment instruments on the market.
Matrixport’s research and findings also show that Bitcoin is still at the heart of the cryptocurrency market and the altcoin season will come later than expected. As investors’ interest continues to shift to Bitcoin, altcoinIt seems difficult for ‘s to come to the fore for now. This means that the altcoin season that has been awaited for years is not yet on the table, and it does not seem possible for altcoins to make their expected big rises yet.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
