All throughout the crypto market, small-cap altcoins going on massive rallies brought back the return of talk about an impending altcoin season. However, a pair of coinciding sell signals triggering on Ethereum price charts likely brings what little, short-lived alt season that did take place to a conclusion already.Bitcoin and Other Major Crypto Assets Lead The Rest of The MarketAlthough it has been primarily small-cap cryptocurrencies that have been going wild with returns over the last couple of weeks, it is still large-cap “majors” like Ethereum, XRP, and Litecoin that lead the rest of the crypto market, particularly altcoins.These top crypto assets by market cap also ebb and flow based on their relationship with Bitcoin.Nearly every altcoin on the market shares one half of a trading pair with not only USD but BTC. Due to this, analysts pay close attention to not only altcoin/BTC trading pairs but overall Bitcoin dominance.Related Reading | BTC Dominance Signals Abrupt End to Crypto Altcoin Season While USD trading pairs often provide analysts with information on the overall health of the crypto space and Bitcoin itself, BTC trading pairs give a better sense of how altcoins will perform relative to the first-ever cryptocurrency.Ethereum being next in line in the top ten crypto assets by market cap and the most important altcoin often sees it serving as the gatekeeper in terms of alt gains against BTC.When Ethereum surges against Bitcoin, the rest of the altcoin space usually goes on a run and vice versa.
Bitcoin(BTC)$60,838.00 Ethereum(ETH)$3,022.33 Tether(USDT)$1.00 BNB(BNB)$579.01 Solana(SOL)$127.38 USDC(USDC)$1.00 Lido Staked Ether(STETH)$3,020.49 XRP(XRP)$0.50 Dogecoin(DOGE)$0.133625 Toncoin(TON)$5.17