Altcoins Lead Gains as Trump’s Dividend Plan Sparks Retail Rally
The crypto market enjoyed a period of upside over the weekend following two consecutive losing weeks. Bitcoin rose 4% in the past 24 hours and having risen as high as $106,500 is now trading around $106,000 as it attempts to steer itself away from the psychological level of support at $100,000. Ether added 6.5%.
The altcoin market outperformed bitcoin, with bitcoin dominance falling to 59.1% from the Nov. 5 high of 60.1%. This is a signal that the touted $2,000 tariff dividend payment in the U.S. will serve as a boost to altcoins, as it did during the Covid-era.
Decentralized finance (DeFi) protocols also saw a boost, with total value locked (TVL) rising to $142.8 billion, according to DeFiLlama data. Starknet…
