Over the last month, a coordinated attack against altcoins by the US SEC caused Bitcoin dominance to surpass 50%. Above the psychological level makes BTC more valuable as a whole than the entire crypto market.
However, a technical signal has appeared that in the past put in a peak in BTC.D and suddenly sparked a reversal in altcoins. Here is a closer look at the signal and why a surprise alt season could be right around the corner.
Bitcoin Dominance Beats All Other Crypto Combined
Bitcoin dominance is a metric that measures the top cryptocurrency’s market cap against the weight of everything else in the space. It is often used as a barometer of health in altcoins, specifically when it’s better to be in BTC, or in alts like Ethereum, Litecoin, or Solana.
When BTC.D is falling and the market is healthy, altcoins outperform Bitcoin in terms of alpha. But as high beta assets, alts are significantly more volatile. As a result, when the market is crashing, they suffer much more drawdown
We współpracy z: https://www.newsbtc.com/bitcoin-news/why-bitcoin-dominance-hints-at-a-surprise-altcoin-season-ahead/
