Meanwhile, other altcoins such as Solana, Avalanche, Cardano and Polygon fell 3-4%. XRP, Dogecoin, Chainlink, Polkadot, Internet Computer and Shiba Inu also declined up to 3%. A recent post by Glassnode highlighted that on-chain indicators assessing BTC’s value show that we may have entered the initial stages of a bull market, said Parth Chaturvedi, Investments Lead, CoinSwitch Ventures.