🔥🔥🔥 Bitcoin Reigns Supreme: Why Altcoins Are On A Leash
Don't expect an "Altcoin Season" just yet! Bitcoin's firm grip on the crypto market is keeping other digital assets in check.
Bitcoin Dominance (BTC.D), currently around 63-65%, measures Bitcoin's market cap against all other cryptocurrencies. When this number is high, it signals a "risk-off" mood. Investors flock to Bitcoin, seeing it as the safer bet during uncertainty or when BTC leads market rallies.
This means altcoins often lag behind. They experience slower growth, or larger drops, as capital concentrates in Bitcoin. The much-anticipated "altcoin season" usually requires a significant dip in BTC dominance.
For now, Bitcoin is the undisputed king, dictating the broader market's movements. Watch for a sustained drop in BTC.D as a sign for altcoins to potentially shine. Until then, it's Bitcoin's world, and altcoins are just living in it.
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