Longterm crypto investor focusing on crypto with strong fundamentals and future potential. Expert in techni- analysis, committed to informed investmendecisions
In the past week, Bitcoin dominance surged from 55% to 57.95%, marking a significant shift in the crypto market. This rise indicates Bitcoin's increasing market share relative to other cryptocurrencies, underscoring its strength and influence.
As BTC asserts its dominance, alternative cryptocurrencies (alts) have taken a hit, with many experiencing an average decline of approximately 50%. This bleeding in the altcoin market highlights the shifting investor sentiment towards Bitcoin, often seen as a safer bet during turbulent times.
The crypto landscape is in flux, and all eyes are on Bitcoin as it continues to assert its dominance. How this trend evolves will be crucial for market participants in the coming weeks.