Crypto ‘Altcoin Season’ Returns as Bitcoin Dominance Fades

To be sure, while these cryptocurrencies have the potential for big payoffs, they can be more volatile than Bitcoin or other larger tokens. During market downturns, they could suffer heavy losses, and Bitcoin’s dominance could bounce back. That said, Bitcoin and other larger coins have all failed to break out meaningfully this year. The MVIS CryptoCompare Digital Assets 100 Index, which is dominated by Bitcoin and Ether but includes many others, is up roughly 9% over the past month compared with Bitcoin’s 6% gain.