$BTC $ETH $BNB
Why haven't alternative coins moved?
Despite the market's rise, many have noticed that alternative coins #altcoins are almost stable and showing no strong movement.
The main reason? Bitcoin dominance (BTC Dominance) which has currently reached 64.21% and this is its highest level in years!
What does that mean?
It means that most of the liquidity in the market is currently directed towards Bitcoin, and investors are cautious about taking risks with altcoins.
As long as Bitcoin is dominant, altcoins are usually in a waiting phase.
But... if dominance starts to drop, we might see a sudden and strong movement in alternative coins.
