Scarllet21
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$BTC
"How Does Rising Bitcoin Dominance Affect Altcoins?"
Today, Bitcoin dominance is increasing, which is leading to some price corrections in several altcoins.
But what exactly causes dominance to rise? And when do altcoins usually start to recover?
Here are 3 key points to understand:
BTC Dominance > 50% often signals weakness in altcoins
When market fear rises, BTC is seen as a safer store of value
For an altseason to begin, BTC dominance usually needs to drop
Personal Tip (from CryptoSaya):
If you’re holding altcoin positions, don’t forget to keep an eye on BTC Dominance via CoinGlass or TradingView. It’s also important to monitor overall market sentiment.
#Bitcoin
#Altcoins
#BTCdominance
#CryptoTips
#BinanceSquare
"How Does Rising Bitcoin Dominance Affect Altcoins?"
Today, Bitcoin dominance is increasing, which is leading to some price corrections in several altcoins.
But what exactly causes dominance to rise? And when do altcoins usually start to recover?
Here are 3 key points to understand:
BTC Dominance > 50% often signals weakness in altcoins
When market fear rises, BTC is seen as a safer store of value
For an altseason to begin, BTC dominance usually needs to drop
Personal Tip (from CryptoSaya):
If you’re holding altcoin positions, don’t forget to keep an eye on BTC Dominance via CoinGlass or TradingView. It’s also important to monitor overall market sentiment.
#Bitcoin
#Altcoins
#BTCdominance
#CryptoTips
#BinanceSquare
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