🚨 Bitcoin Dominance Hits 60% — Altcoins Take the Hit
Bitcoin’s grip on the crypto market is strengthening as traders favor BTC over riskier altcoins.
Bitcoin dominance reached 60%, its highest level since May, while BTC slipped below $82,000 after briefly breaking above $84,000.
Meanwhile, altcoins faced heavier losses:
• Memecoin Index: down over 5%
• Computing Select Index: down 3.5%
• DeFi Select Index: down 2.5%
For me, When Bitcoin dominance rises while smaller tokens fall harder, the market is signaling caution, not broadbased strength.
The next catalyst could determine whether capital returns to altcoins or continues concentrating in Bitcoin.
#BitcoinDropsBelow$84K #cryptofirst21
$BTR $BMT
Bitcoin’s grip on the crypto market is strengthening as traders favor BTC over riskier altcoins.
Bitcoin dominance reached 60%, its highest level since May, while BTC slipped below $82,000 after briefly breaking above $84,000.
Meanwhile, altcoins faced heavier losses:
• Memecoin Index: down over 5%
• Computing Select Index: down 3.5%
• DeFi Select Index: down 2.5%
For me, When Bitcoin dominance rises while smaller tokens fall harder, the market is signaling caution, not broadbased strength.
The next catalyst could determine whether capital returns to altcoins or continues concentrating in Bitcoin.
#BitcoinDropsBelow$84K #cryptofirst21
$BTR $BMT