Thanksgiving Crypto Trends: From Bitcoin Booms to Altcoin Shifts

Leading cryptocurrencies like Bitcoin and Ethereum saw reduced activity on Thanksgiving, with Bitcoin hovering around $95,000 and Ethereum dipping to the $3,500 range. Trading volumes decreased, and the dominance of these major cryptocurrencies fell as altcoins gained market share. Analysts suggest a potential shift from Bitcoin to altcoin season, with the altseason index nearing a critical threshold. Despite the quiet market, some altcoins like Algorand and The Sandbox saw significant gains. The global cryptocurrency market cap slightly contracted, while stock futures remained relatively stable.