1. General market trend:
• Bitcoin (BTC) dominance at 58.53% signals a high concentration of capital in BTC. This usually indicates caution in the market: investors prefer BTC as a less risky asset.
2. Token dynamics:
• Most altcoins are showing a decline, which may be related to a market correction. Significant drops, such as XLM (-10.17%) and SAND (-8.38%), indicate a decrease in interest in risky assets.
3. Recovery of individual assets:
• Small altcoins, such as FTM (+9.62%) and GLM (+3.56%), are showing growth. This may be the result of local news or project developments.
Forecast:
• If BTC dominance continues to grow, there is a high likelihood of further declines in altcoins as capital flows into BTC.
• With a decrease in BTC dominance, some altcoins may rise, but this will require positive news for the market as a whole.