Key Notes

A total of 76% of the top 50 altcoins have outperformed Bitcoin over the past three months.

Technical indicators suggest Bitcoin dominance could drop after retesting the 60.90% level, potentially triggering a rapid recovery for altcoins.

Altcoin market cap shows optimism with chart patterns like the “cup and handle” signaling further upside.

The altcoin market has been facing strong volatility over the past week amid the two major crypto liquidation events. Amid the recent sell-off, the overall market cap has seen strong rejection while analysts call it a buy-the-dip opportunity. Some market analysts also believe that their outperformance over Bitcoin BTC $114 103 24h volatility: 3.8% Market cap: $2.27 T Vol. 24h: $55.01 B will also continue.

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