Bitcoin Bull Run Nearing an End as XRP Surpasses McDonald's Market Cap

Bitcoin Struggles Below $120,000

Bitcoin failed to break recent all-time highs, causing concerns about the future strength of BTC prices. Despite this, analysts believe a deeper rebound could still salvage the situation, especially as altcoins start to gain more attention. At Monday's Wall Street open, BTC remained below $120,000 as warnings of a potential end to the bull market intensified.

Altcoins Shine as Bitcoin Dominance Declines

Solana (SOL) and Dogecoin (DOGE) were among the top performers, each seeing around a 10% increase in value over a 24-hour period. With Bitcoin's dominance in the total crypto market cap decreasing, many are now anticipating a full-scale "altseason." Keith Alan from Material Indicators highlighted the shift of capital from BTC to altcoins, indicating a potential change in market dynamics.

XRP Surpasses McDonald's Market Cap

In a surprising turn of events, XRP's market cap has now exceeded that of McDonald's, showcasing the growing strength of the altcoin market. As Bitcoin struggles to regain momentum, traders are closely monitoring the rise of altcoins, particularly Ether (ETH). QCP Capital noted the decline in BTC dominance and the increase in ETH's market share, signaling a potential shift in the crypto market landscape.

Disclaimer: This article does not provide investment advice. Readers are encouraged to conduct their own research and analysis before making any investment decisions.