@celestialdew
š Altcoin Breakout Brewing ā Market Dynamics Shifting Fast!
Bitcoin and large-cap altcoins have dominated the market this week. Bitcoin hit a fresh all-time high of $124,100, while Ethereum and Solana approached their previous peaks.
š Ethereum briefly touched $4,800 on Thursday, August 14. On-chain data now suggests that ETH and other altcoins could be gearing up for a major rally, potentially outpacing Bitcoin in market dominance.
According to CryptoOnchain via CryptoQuant Quicktake:
Stablecoin liquidity and Bitcoin Dominance (BTC.D) are signaling the start of an altseason.
ERC20 stablecoin supply hit a record $128.7B, increasing market liquidity and fueling altcoin purchases.
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