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.
- When BTC Dominance increases, alts on the whole lose BTC value.
- 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!