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As the world awaits US President Donald Trump’s announcement on proposed retaliatory tariffs later today, crypto markets continue to show signs of uncertainty. In an X post shared earlier today, crypto analyst Rekt Capital emphasized that Bitcoin (BTC) dominance may be poised to rise further, potentially worsening conditions for altcoins, including Ethereum (ETH).
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According to Rekt Capital, Bitcoin dominance is set to climb further, possibly reaching as high as 64%. Notably, this level of BTC dominance is historically significant, as evident from the 2017 and 2020 peaks highlighted in green in the chart below.
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