Google Trends and Market Tracker show a fresh wave of interest in old coins, as Bitcoin’s share of the market provision.
The search for old coins has jumped, while Bitcoin dominance has dropped from around 65% to almost 65% by 6% in the past two months.
Dealers and small investors shift attention to coins beyond Bitcoin, and the prices follow this attention.
Altcoin interest increases
According to reported search data and market numbers, several large old coins have strengthened this week.
Ethereum rose by around 28% in the past seven days and acted at around $ 4,650 at the time of the press period. This price is about 3.5% below its all -time high of $ 4,890, which was reached in November 2021.
The money was flown to large amounts in large ETH stock exchange funds on a single day, with around $ 1 billion being reported to cumulative tributaries.
Source: Google Trends
Based on reports, the ETHA of Blackrock took over around 640 million US dollars and the Fidelity Ethereum Fund (Feth) moved in around 276 million US dollars, and the group of Ethereum ETFs now has almost 26 billion US dollars in assets.
Prices and move
Reports have also published strong weekly profits for other coins, with Solana rose by 23% and dotecoin by 21% in the same seven days.
Ethereum, Dogecoin, Solana and Link are among the top ten of Market Cap.
According to market analysts and on-chain trackers, some of these steps are bound to the ETF inflows for Ethereum and renewed retail interest.
Investors who are looking for quick profits have at least initially moved the capital from Bitcoin into these bets.
Attention and market share in retail
Based on reports from analysis companies, the decline in BTC dominance reflects a rotation of capital into smaller and medium-sized coins.
This rotation coincided with a higher search traffic for Altcoin names on Google. This is a sign that retail dealers are currently paying more attention to non-Bitcoin coins and that attention has emerged in several markets at price campaigns.
Market observers say that the next important signals will be whether ETF inflows will remain up to date and whether Bitcoin has withdrawn the market share.
If the rivers remain strong according to Ethereum Fund, this can always support prices. If Bitcoin crashes back, some of the more speculative profits could be reversed in old coins.
At the moment, the data points are clear: the search for old coins has expired, Ethereum ETFs have a massive inflow of one day near $ 1 billion, and the BTC dominance has subsided in the past two months.
Selected picture of Unsplash, Diagram from Tradingview
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