Bitcoin reached an all-time high of $109,000 after experiencing fluctuations in the current bull cycle.
Bitcoin dominance remains near its peak, with traders eagerly watching for a breakdown that could trigger Altseason, a period of significant altcoin gains.
Federal Reserve Chairman Jerome Powell's shift towards easing monetary policy adds to the bullish momentum in the crypto market.
Potential liquidity outflow from Bitcoin could result in some altcoins experiencing gains of 10x to 20x.