📊 Bitcoin still dominates, what does it mean?
Today, the Bitcoin dominance index (BTC.D) shows an interesting trend. The chart indicates that after a morning flat at around 61.55%, dominance began to rise, peaking at 61.70% around 08:30. Then a correction followed, but by 10:30, the metric went up again, reaching 61.66% with a gain of 0.03%. 📈
💡 What does this mean?
The increase in Bitcoin's dominance indicates that BTC is strengthening its position in the market relative to altcoins. Investors prefer "digital gold" in times of uncertainty. However, it's important to monitor further movements — will Bitcoin hold these levels, or will altcoins start regaining market share? 🤔
I believe we will see a higher reading before a drop; soon the "mind games" will begin, and a rollercoaster ride is ahead, so I ask everyone to buckle up. Stay tuned for updates. 2-2-2.
