Do you know how Bitcoin ($BTC )Dominance affects your trade 😳?

Bitcoin (BTC) dominance affects other cryptocurrency prices in the following ways :

- Increased BTC Dominance: When investors prefer to hold Bitcoin, this means that altcoin prices are falling, resulting in a rise in BTC dominance.

- Decreased BTC Dominance: When investors prefer to hold altcoins instead of Bitcoin, this means that altcoin prices are rising, resulting in a fall in BTC dominance.

- Bull Market: When BTC price rises and BTC dominance increases, this could mean that it is a bull market for Bitcoin.

- Bull Market for Altcoins: When BTC price rises and BTC dominance falls, this could mean that it is a bull market for altcoins.

- Bear Market for Bitcoin: When BTC price falls and BTC dominance decreases, this could mean that it is a bear market for Bitcoin.

- Bear Market for Altcoins: When the BTC price falls and BTC dominance increases, this could mean that it is a bear market for altcoins.

Please #DYOR and note that this not a financial advice. Thanks.