Bitcoin's market cap dominance reached its highest level since July 2021, reaching 54.5%, according to TradingView data. This increase could signal a change in market sentiment and herald a possible altcoin bull run.
Dominance is calculated by dividing Bitcoin's market cap by the total market cap of the top 125 cryptocurrencies and multiplying by 100. The rise of this metric to 54.5% represents a significant reversal and is a noteworthy situation for investors. Lastly, these levels were reached in July 2021.
The increase in Bitcoin's dominance is often considered a harbinger of altcoin bull runs. The rise in dominance may indicate that capital is shifting from altcoins to Bitcoin. However, once Bitcoin's dominance stabilizes, investors may contribute to the recovery of altcoins by turning to smaller and riskier assets to generate higher returns.
A tweet from Crypto Titan confirms the breakout of the ascending wedge pattern in Bitcoin dominance, indicating possibilities for a correction in the market. Glassnode founders emphasize that current market dynamics present a 'risk-on' environment and investors are increasingly turning to risky assets in order to provide higher returns. This could trigger a new growth cycle for altcoins.
Analysts are observing a shift towards risky assets, noting recent changes in market performance. For example, the tech-heavy Nasdaq fell 2%, while the iShares Russell 2000 ETF, known for small-cap stocks, rose more than 3%. This could have a similar effect on cryptocurrency markets; Here risk tolerance may shift from Bitcoin to altcoins. Such a market rotation was last observed in November 2020 and coincided with similar investor behavior.
PLEASE READ CAREFULLY FOR THE GIFT OF 10 DOLLARS.
My friends, you know that we, the publishers, are doing everything we can for you here. We are informing you about the services and facilities offered to us by our authorities. I have never stopped supporting both the Cryptocurrency market and you as much as I could, and on the contrary, I am trying to provide more support.
THIS 10 DOLLAR GIFT CAMPAIGN IS A CAMPAIGN MADE SPECIALLY FOR ME BY BINACE. YOU CAN GET THE CONFIRMATION I SAID ABOUT THIS BY CONTACTING LIVE HELP. THIS IS A 10 DOLLAR CAMPAIGN MADE TO YOU THROUGH ME.
Now I will tell you how to receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.
So who will benefit?
Our friends who have not activated the futures section yet, while activating your FUTURES trading section, you will earn 10 dollars when you open it by entering my reference code 88623008.
I EXPLAIN IN DETAIL.
My brothers and sisters who have become a Binance member without reference, please listen carefully;
When you do what I say, you will receive 10 USDT.
Enter the Futures Section from your application,
On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,
My brothers and sisters who want to complete this transaction and receive the 10 USDT reward by MAY 1 can do so. After activating your account, all you have to do is open your first futures transaction.
The first 1,000 brothers to open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
So let me give you a tactic like this: Even if you open and close 20x with a $5 transaction, you will be entitled to the reward.
However, even if you do this after May 1, your reward will not come. So get it done by May 1st. In fact, right now I say you can fix it in 5 seconds.
Very simple. Go to Futures, enter my reference code 88623008 and activate the account. Afterwards, just open a total of 200 USDT transactions and get 10 USDT reward.
WHEN WILL THE AWARD COME?
Your 10 dollar reward will arrive in the REWARDS section of your Binance application within 30 days, starting from May 1st. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.
You can help your friends in need by sharing this post.
BY THE WAY, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. IF YOU HAVE NOT FOLLOWED YET, DON'T FORGET TO FOLLOW. KIND REGARDS.
