#BTCPrediction Bitcoin Dominance Gains as Total Market Cap Shrinks: What Does This Mean for Altcoin Season?
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Bitcoin Dominance Gains as Total Market Cap Shrinks: What Does This Mean for Altcoin Season?
The ongoing Israel-Iran conflict has weighed heavily on stock and cryptocurrency markets, but not on Bitcoin Dominance (BTC.D). Since yesterday, the total market capitalization has dropped by around 6%. While Bitcoin (BTC) and altcoins have seen their values decline, BTC.D has bucked the trend, rising by 1.4%. This development casts a shadow over the hopes of a potential altcoin season, pushing the timeline for altcoin rallies further into uncertainty. Bitcoin Dominance Rises Despite Geopolitical Tensions BeInCrypto reported earlier today that Israel’s strikes on Iran triggered a massive downturn in the market, with liquidations exceeding $1 billion. The total crypto market...