Bitcoin's market share plummeted by 2.5% in two days. Is it a crisis or an opportunity?
In just two days, Bitcoin's market share has slid down like a slide, plummeting by 2.5%, currently reported at 63.46%. It's worth noting that just two days ago, it was at a high point of 65.48%...
The decline in its market share means that funds are flowing from Bitcoin to other cryptocurrencies. Could it be that those altcoins are about to collectively 'revolt'?
Take last November as an example; after Bitcoin's market share surged past 60%, altcoins immediately entered a mini bull market.
In 2019 and 2021, Bitcoin's market share reached over 70%, followed by a broad market rally.
But from another perspective, this could also be a good time to reposition.
Should one hold onto Bitcoin and wait for its return to prominence, or shift to other potential coins?
Let's discuss in the comments section.
