Over the last few weeks, Bitcoin has been rising without pause, absorbing all of the capital out of the crypto market and causing altcoins to bleed on BTC pairs.
BTC dominance finds itself at a crucial resistance level, and some of the brightest and best crypto analysts in the community, are divided over the future of altcoins. Here’s what they are saying, and what to expect in the short-term in the always unusual relationship between Bitcoin and alts.
BTC Dominance Reaches Long-Term Resistance, Fireworks Expected To Finish
Bitcoin was the first cryptocurrency to be created, and due to this, it enjoys all the first-mover advantage benefits that come along with it. It has the widest adoption and regulatory acceptance, and the largest chunk of the cryptocurrency market share.
BTC dominance is a metric weighing the top crypto’s market cap against the entire <a class="wpg-linkify wpg-tooltip" title="
AltcoinAltcoin is defined as any cryptocurrency except for Bitcoin. “Altcoin” is a combination of