Bitcoin’s Rising Dominance Rate Challenges Altcoin Boom From 2021 | CPT PPP Coverage
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Bitcoin’s Rising Dominance Rate Challenges Altcoin Boom From 2021 appeared on www.coindesk.com by Omkar Godbole.
According to technical analysis by Fairlead Strategies, it’s likely to continue in the coming days, reversing the decline from 60% to 40% seen during the hazy crypto bull market days of March-April 2021. Investors then rotated money from the relatively expensive bitcoin into altcoins, leading to a decline in BTC’s dominance rate.
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This article originally appeared on www.coindesk.com by Omkar Godbole – sharing via newswires in the public domain, repeatedly. News articles have become eerily similar to manufacturer descriptions.
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