Important News; 🗞️ 📣 Even though Bitcoin (BTC) Rises Sharply, Ethereum and Altcoins Still Cannot Deliver as Expected!

Bitcoin dominance has exceeded 56% levels with the recent rises.

The leading cryptocurrency Bitcoin (BTC) is experiencing sharp increases as of today. Bitcoin, which started an upward trend after the US inflation data, reached the level of $ 66,400 in the last minutes.

Bitcoin has increased by more than 8% in the last 24 hours. Although this kind of rise attracted the attention of all cryptocurrency investors, altcoin investors still did not get what was expected.

Although there are altcoins that have risen more than Bitcoin today, the performance of Ethereum (ETH) and altcoins in general did not satisfy any crypto investor.

📢 WHY CAN'T ALTCOINS EXPERIENCE THE INCREASES EXPECTED BY INVESTORS??

Although there are no sharp decreases in BTC dominance during periods of Bitcoin decline (there are even increases from time to time), BTC dominance increases sharply on days when it rises.

The shift of money in the crypto market to Bitcoin rather than Ethereum and altcoins naturally prevents altcoins from achieving the much-anticipated sharp rises of 30%, 50% or even 100%.

Today, BTC dominance, which exceeded 56% levels as a result of Bitcoin's increases, may target the 57.1% major resistance level in the coming period.

Bitcoin dominance is not expected to break the 57.1% resistance on the first try. After this resistance test, the BTC dominance chart may retreat to the 48% support. In such a scenario, it seems that the expected rises in altcoins may begin.