Bitcoin's dominance in the cryptocurrency market has recently declined, and analysts point out that this does not mean the 'altcoin season' is approaching.
Research indicates that when the market focuses on macroeconomic instability and the risks facing the dollar, Bitcoin's dominance may rise, while when the market focuses on various applications of blockchain technology and innovations in the crypto space, Bitcoin's dominance may decline.
From a macro perspective, there is a bullish outlook on Bitcoin, while from the perspective of technological development and user adoption, there is also optimism about altcoins.
Research indicates that when the market focuses on macroeconomic instability and the risks facing the dollar, Bitcoin's dominance may rise, while when the market focuses on various applications of blockchain technology and innovations in the crypto space, Bitcoin's dominance may decline.
From a macro perspective, there is a bullish outlook on Bitcoin, while from the perspective of technological development and user adoption, there is also optimism about altcoins.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
103,180.69
-0.74%