Bitcoin reached a new record high of $125,506, dominating the crypto market with a 59% share. Stablecoin market cap growth and FTX releasing $1 billion in frozen funds drove capital inflows to Bitcoin. Experts believe Bitcoin’s rally may not signal the end of altcoin season just yet, as a potential bear trap could lead to a rotation into altcoins. Myriad prediction market users see a 60% chance of Bitcoin’s dominance surging to 64%. While a true altseason may be on the horizon, investors are advised to monitor Bitcoin’s dominance dropping below 55% as a potential trigger for altcoin momentum. Market sentiment remains positive.

Read more at Yahoo Finance: Bitcoin’s Rally Tightens Its Grip on Crypto Markets: Is Alt Season Cancelled?