๐ถ ๐ BTC Dominance Update โ What It Means for Altcoins! ๐ถ
๐ Current BTC Dominance: 61.77%
๐ Recently dropped from 65% โ now showing signs of a bounce.
What is BTC Dominance?
BTC Dominance = Bitcoinโs market cap compared to the total crypto market cap.
โ Higher Dominance = BTC Strength
โ Lower Dominance = Altcoins Gain Strength
๐ง Why Should You Care?
๐ผ If BTC Dominance rises:
Bitcoin outperforms the market
Altcoins & meme coins may bleed
Investors are moving to safety
๐ฝ If BTC Dominance drops:
Altcoin Season could begin
Risk-on sentiment returns
Good news for small-cap gems & meme coins!
๐ Right Now:
BTC.D bounced from ~60.5% support
Eyes on the 62.5% resistance zone
Altcoins need dominance to break below 61.5% for serious momentum!
๐ฅ Stay alert! BTC Dominance controls the altcoin game.
๐ฌ Will dominance break down again or rise back above 63%?