Bitcoin Dominance Has Just Fallen Below 50%!!!

With the rapid rise of ETH and BTC stabilizing over the past few hours – BTC has just fallen below 50% dominance for the first time since July 2018.

One of the main reasons we look at Bitcoin Dominance is because it can help us understand if altcoins are in a downtrend or uptrend against BTC.

1. When BTC Dominance increases, alts on the whole lose BTC value.
2. When BTC Dominance decreases, alts on the whole gain BTC value.

In the past, declines in this indicator marked subsequent “altcoin seasons.”

Could be a bullish few weeks for alts ahead!