Why is $MINA taking a hit while Bitcoin dominance holds at 58.72%?
Hello my friends! Today is a classic lesson in how capital flows when the market takes a quick breather.
Right now, Bitcoin dominance is sitting at 58.72%, which means the giant is still very much in control of the market's attention.
Let's look at the majors. Bitcoin is down a tiny 0.22% at $85,607, Ethereum is down 0.56% at $2,698.01, and BNB dropped 1.06% to $779.26. They are barely moving, but that quietness is impacting smaller coins.
Our focus today, $MINA, has taken a sharp 25.4% slide over the last 24 hours, trading at $0.118883. It is currently sitting right at its 24-hour low of $0.1189 after coming down from a high of $0.1595.
Check the $MINA chart right now to see if buyers are starting to step in at these lows.
When Bitcoin keeps its heavy grip on dominance, altcoins face a steep uphill battle to find liquidity.
NFA. Always do your own research.
#MINA
Hello my friends! Today is a classic lesson in how capital flows when the market takes a quick breather.
Right now, Bitcoin dominance is sitting at 58.72%, which means the giant is still very much in control of the market's attention.
Let's look at the majors. Bitcoin is down a tiny 0.22% at $85,607, Ethereum is down 0.56% at $2,698.01, and BNB dropped 1.06% to $779.26. They are barely moving, but that quietness is impacting smaller coins.
Our focus today, $MINA, has taken a sharp 25.4% slide over the last 24 hours, trading at $0.118883. It is currently sitting right at its 24-hour low of $0.1189 after coming down from a high of $0.1595.
Check the $MINA chart right now to see if buyers are starting to step in at these lows.
When Bitcoin keeps its heavy grip on dominance, altcoins face a steep uphill battle to find liquidity.
NFA. Always do your own research.
#MINA
