Bitcoin dominance is rising: what does this mean for altcoins?
Bitcoin dominance (BTC.D) — the share of Bitcoin in the total capitalization of the crypto market — is at its highs again. This means that more capital is flowing into BTC, while altcoins are losing investor attention.
Why is this happening? Bitcoin is perceived as a reliable 'digital gold' in times of instability, while regulatory uncertainty and high volatility of altcoins amplify this trend.
What awaits altcoins? As long as BTC.D is rising, most altcoins remain in the shadows and may even decline. Altseason usually begins when Bitcoin dominance decreases, giving alternatives a chance to grow.
Investors should closely monitor the dynamics of BTC.D: during periods of its growth — focus on Bitcoin, and when dominance starts to fall — it's time to look for promising altcoins.
#CryptoMarket
#Altseason
#Cryptocurrency
#Bitcoin
#CryptoTrends
#CryptoInvesting
#CryptoAnalysis
#DigitalGold
