Analyst: The altcoin market has climbed, but it will not directly enter the so-called alt season

After U.S. Senator Loomis proposed that the U.S. government acquire 5% of the Bitcoin supply, Collective Shift founder and CEO Ben Simpson analyzed that if the strategic Bitcoin reserve is approved, the market is expected to become unstable, Bitcoin will rise, and then may fall back. As for the current market conditions, Ben Simpson believes that Bitcoin's dominance (an indicator that measures the proportion of Bitcoin in the total value of the cryptocurrency market) will "start to decline" and that the market's "rotation" to altcoins has actually begun when Bitcoin begins to consolidate around $100,000 and altcoins begin to "climb." But it should not go directly into the so-called alt season. (Cointelegraph)