Bitcoin dominance is not far from the low of Jan 2018 which saw it fall as low as 35%
Since 1st of March 2021 BTC dominance fell from 60% to 40% and appears as though it will fall some more.
Ref: https://uk.tradingview.com/symbols/CRYPTOCAP-BTC.D/
Do you guys think BTC dominance will continue to fall due to the alts or its just a phase?
Personally I anticipate it will fall until the next major BTC uptrend in this particular bull cycle and then we will see people liquidate some/majority of their alt positions and move back to BTC.
Since 1st of March 2021 BTC dominance fell from 60% to 40% and appears as though it will fall some more.
Ref: https://uk.tradingview.com/symbols/CRYPTOCAP-BTC.D/
Do you guys think BTC dominance will continue to fall due to the alts or its just a phase?
Personally I anticipate it will fall until the next major BTC uptrend in this particular bull cycle and then we will see people liquidate some/majority of their alt positions and move back to BTC.