Altcoins are dumping because Bitcoin dominance is increasing, and when BTC moves sharply up or down, investors shift funds from altcoins to Bitcoin for safety. Market sentiment is also weak due to fear, uncertainty, and negative news, leading to panic selling. Whales are offloading their holdings, causing chain reactions in prices. On top of that, altcoins have low liquidity, so even small sell-offs create big drops. After recent pumps, a technical correction and profit-taking phase is also hitting the market.
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