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The cryptocurrency market surged this week, with Bitcoin and altcoins like Ethereum and Solana nearing record highs. On-chain data suggests an altseason may be starting, fueled by rising stablecoin liquidity and declining Bitcoin dominance.
- ERC20 stablecoin supply hit a record $128.7 billion, signaling increased liquidity for altcoin investments.
- Bitcoin Dominance (BTC.D) faced rejection, historically a precursor to capital shifting into altcoins.
- Ethereum's breakout above resistance levels could confirm the start of a prolonged altseason.
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