

This week, the crypto market saw a broad decline across most tokens, with many altcoins experiencing sharp double-digit losses. Ethereum (ETH) fell by 10.65%, while Uniswap (UNI) dropped even further by 11.52%. In contrast, Bitcoin (BTC) only saw a minor dip of 2.39%, reinforcing its resilience amidst the downturn. As BTC continues to command a larger share of the overall crypto market cap, analysts are increasingly skeptical about the near-term prospects for altcoins, suggesting that the long-anticipated “altcoin season” may be postponed longer than expected. For now, the market appears to be consolidating around Bitcoin’s relative strength, with market analyst suggest to take a cautious stance on altcoins.