Bitcoin Dominance Poised to Breakdown, Are Altcoins About to Rally?

2019-10-6 07:00

Bitcoin’s weakness over the past couple of weeks has resulted in a failure to bounce back as it clings to support at $8k. The drop had largely been expected and many analysts are of the opinion that further declines could be on the cards.

The BTC dominance chart is also showing telltale signs that could. . .

The post Bitcoin Dominance Poised to Breakdown, Are Altcoins About to Rally? appeared first on NewsBTC.

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bitcoin dominance could poised breakdown altcoins rally

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How rising Bitcoin dominance invalidates many crypto assumptions

Key Takeaways Bitcoin dominance has risen above 50%, having started the year at 42% Traditionally, dominance falls while market prices are rising in the sector, marking the year 2023 out as unusual  This hammers home how Bitcoin is still finding its feet, and why prudence needs to be taken when extrapolating past performance to the […] The post How rising Bitcoin dominance invalidates many crypto assumptions appeared first on CoinJournal.

2023-8-11 14:50