Bitcoin Poised For Power Play: Analyst Charts Course For BTC Dominance
The cryptocurrency kingdom is abuzz with chatter of a potential changing of the guard. Bitcoin, the undisputed king for over a decade, finds its dominance challenged by a restless altcoin army. Analyst Egrag Crypto has identified a critical juncture that could spell either a surge in Bitcoin’s reign or a long-awaited altcoin uprising. Related Reading: […]
Related News
BTC dominance has always had an inverse effect on the price movements for altcoins. Historically, BTC dominance determines the direction the value of altcoins swings in. Bitcoin has so far maintained majority dominance on the market. But as more time passes, that dominance goes down as altcoins see more demand. BTC dominance simply shows how much demand there is for bitcoin compared to altcoins. The more BTC dominance rises, the lower the demand for altcoins. This means that for altcoins to rally up further, bitcoin demand has to go down. Related Reading | Ethereum Breaks 200,000....
Both retail and institutional adoption and interest in Bitcoin continue to see notable growth following the recent price upswing over the past week, which has led to a huge rise in BTC’s dominance over other cryptocurrency assets in the market. Bitcoin’s Market Dominance Almost Over With Bitcoin persistently witnessing a significant price rally, its dominance […]
Crypto Analyst Nicholas Merten recently said in a video analysis session on YouTube that Ethereum’s price is poised to explode. Merten pointed out that price analysis really isn’t the reason that the number 2 cryptocurrency is set to explode, but what the market dominance shows that actually shows this. This shows through when the cryptocurrency market dominance is measured. Merten believes that current market trends are very similar to what was done in the market back in 2017. Going back to when the last bull market had started in 2017. Before fizzling out and turning into a....
The general cryptocurrency market has been quite unpleasant as major crypto assets have seen extended negative trends, fueling uncertainty within the sector. With the recent upsurge in the stablecoins dominance, which is considered a negative sign for cryptocurrencies, the broader ecosystem could be poised for additional pessimistic behavior. Stablecoin Dominance Growth Poses Risk To Cryptocurrencies […]
As expectations of an altcoin season mount, a new technical analysis of the Bitcoin Dominance (BTC.D) draws striking parallels between the 2021 and 2025 market cycles, aiming to determine whether altcoins are on the brink of another bull run. Historically, Bitcoin Dominance has been a key indicator in predicting the likelihood of an altcoin, as a decline in BTC.D often signals a shift in investors’ focus on alternative cryptocurrencies. Historical Bitcoin Dominance Signal Possible Altcoin Season Crypto analyst Luca on X (formerly Twitter) is questioning whether history is repeating....