#btcdominancebackat60%
đ¨ Bitcoin dominance surpasses 60% again â altcoins are struggling
Bitcoinâs market dominance has risen to around 60.28%, while 153 of the 169 tracked cryptocurrencies are still below their pre-crash prices, even after the market rebound.
The message is clear: Bitcoin is recovering better than most altcoins.
đ What this means for the market:
$BTC shows relative strength compared with the overall crypto market.
Many altcoins are struggling to recoup their losses.
Bitcoinâs steady rise in dominance may continue to put pressure on altcoins.
A decline in dominance could indicate that capital is beginning to flow back into alternative cryptocurrencies.
This does not confirm that altcoin season is over, but it is a trend traders should watch closely.
If you find these updates useful, you can support my work using the tip button below. Your support helps me continue sharing important crypto news.
Please follow
#Bitcoin #altcoins #CryptoNews #BTC
đ¨ Bitcoin dominance surpasses 60% again â altcoins are struggling
Bitcoinâs market dominance has risen to around 60.28%, while 153 of the 169 tracked cryptocurrencies are still below their pre-crash prices, even after the market rebound.
The message is clear: Bitcoin is recovering better than most altcoins.
đ What this means for the market:
$BTC shows relative strength compared with the overall crypto market.
Many altcoins are struggling to recoup their losses.
Bitcoinâs steady rise in dominance may continue to put pressure on altcoins.
A decline in dominance could indicate that capital is beginning to flow back into alternative cryptocurrencies.
This does not confirm that altcoin season is over, but it is a trend traders should watch closely.
If you find these updates useful, you can support my work using the tip button below. Your support helps me continue sharing important crypto news.
Please follow
#Bitcoin #altcoins #CryptoNews #BTC