#BTCvsMarkets
#BTCvsMarkets Currently, Bitcoin (BTC) is demonstrating strong dominance in the cryptocurrency market, with a market capitalization ratio (BTC Dominance – BTC.D) reaching approximately 61.81%. This is the highest level since March 2021, indicating BTC's superiority over other altcoins.
Meanwhile, the global cryptocurrency market capitalization has surged, showing that capital is flowing into the market, particularly into altcoins. Although BTC.D is at a high level, the growth of market capitalization may be a sign of an altcoin season, when altcoins begin to attract attention and experience significant growth.
However, it is important to note that BTC's dominance can impact investment decisions. When BTC.D rises, there is often a tendency for the value of altcoins to decrease, and vice versa. Therefore, monitoring the BTC.D index can help investors make appropriate strategic decisions.