Altcoins Surge as Bitcoin's Dominance Falters
Ethereum and Solana Reach New Highs as Bitcoin Holders Stand Firm
- Bitcoin's dominance in the cryptocurrency market is under threat as altcoins, such as Ethereum and Solana, surge in value.
- Bitcoin's price has dipped to $43,000, with some analysts predicting a further fall to $40,000.
- Despite the dip, Bitcoin holders who purchased between December 2020 and December 2021 are holding onto their coins in anticipation of future price increases.
- Ethereum has risen by 5% in 24 hours, reaching its highest price since May 2022.
- Solana has also seen significant gains, reaching a 19-month high.