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Data points to approaching altcoin season even as Bitcoin dominance holds
Bitcoin experienced a sharp correction on Feb. 20, sinking as much as 4% from an intra-day high of $53,019 to a low of $50,812, threatening to wipe out the gains of the past seven days. This pull-back led traders to re-evaluate the general condition of the crypto market, initiating a debate on whether the altcoin season (altseason) is here. chart What’s behind the Bitcoin price pull-back? Traders and market analysts believe the ongoing price crash is a part of the 5 phases of the Bitcoin halving cycle and that BTC might be experiencing a pre-halving retrace before entering a widely expected post-halving parabolic ... (full story)