#Altcoin Season# Cancelled Again!
Bitcoin Dominance Is Climbing
58.5% that's where $BTC dominance climbed after gaining almost 0.5 percentage points in a single day. Bitcoin briefly reached $64.55K, its highest level in just over a week, after spending most of the weekend stuck near $63K. The move itself wasn't huge, but most major alts did even less...
Right now:
• $ETH remains around $1.9K
• XRP is still struggling below $1
• SOL, LINK and HYPE posted only small gains
• DOGE, XLM and several other majors moved lower
Meanwhile, the total crypto market added about $20B in a day.
I wouldn't read this as some huge rally signal, but it does help show where the balance of power is right now: Bitcoin is (finally) holding up better, while most alts are still struggling to keep pace (probably still in vacation mode)
#BTC Price Analysis# #Altcoin Season#
Bitcoin Dominance Is Climbing
58.5% that's where $BTC dominance climbed after gaining almost 0.5 percentage points in a single day. Bitcoin briefly reached $64.55K, its highest level in just over a week, after spending most of the weekend stuck near $63K. The move itself wasn't huge, but most major alts did even less...
Right now:
• $ETH remains around $1.9K
• XRP is still struggling below $1
• SOL, LINK and HYPE posted only small gains
• DOGE, XLM and several other majors moved lower
Meanwhile, the total crypto market added about $20B in a day.
I wouldn't read this as some huge rally signal, but it does help show where the balance of power is right now: Bitcoin is (finally) holding up better, while most alts are still struggling to keep pace (probably still in vacation mode)
#BTC Price Analysis# #Altcoin Season#