$BTC 💸 Bitcoin Dominance is Falling While the Cryptocurrency Market is Rising
Against the backdrop of the overall growth of the crypto market, Bitcoin's share of the total market capitalization is decreasing — it currently stands at around 59%, which is still considered a high level.
However, due to the relatively low price base of many altcoins, they are showing better performance in the current rally, outpacing Bitcoin in growth.
The future dynamics of BTC dominance will largely depend on the decisions of American regulators. On the agenda is the possible approval of ETFs not only for Bitcoin but also for some altcoins, as well as clarifying the rules regarding ICOs and the regulation of the crypto industry as a whole.
🇺🇸 So far, signals from the USA look positive — both for Bitcoin and for the broader altcoin market.