Altcoin season on the horizon as crypto market gains momentum

Global markets surged following weaker-than-expected CPI data, easing inflation concerns, according to Singapore-based crypto trading firm QCP Capital via its official Telegram channel. Bitcoin briefly reached $100,800, gaining 4.13%, before stabilizing just below $100,000. Equities followed suit, with the S&P 500 rising 1.83% and the Nasdaq up 2.27%. BTC and ETH spot ETFs recorded strong inflows, including $723.2 million into BTC ETFs, reflecting robust institutional demand and a positive outlook for crypto. Options activity showed bullish sentiment, with traders targeting strikes between $100,000 and $110,000, and March open interest focused on $120,000. Bitcoin dominance dropped from 58.6% to 57.4%, hinting at an upcoming altcoin season. For confirmation, BTC dominance must dip below 57.3% while maintaining levels near $100,000.