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Bitcoin Dominance At 42%, Yet Altcoins Bleed

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Bitcoin Dominance


Bitcoin has loosed almost 50% of its market cap. Down from $915 Billion to $415 Billion from this year’s March 2022 high. This has caused major selloff in altcoins. Currently the Bitcoin dominance sits at 42%, which practically should bring alt coin rallies. But, there is little to no chance of it really being true.

In bull markets when market cap of crypt rises and Bitcoin dominance fall, actually account to short to medium altcoin bull market. But, currently the markets are in the bear markets.

Bitcoin Dominance

Altcoins have loosed almost 80% of their value. Tesla has sold their bitcoin holdings  this has cause chaos in the market.

So, when can an average investor expect altcoin bull market?

Nobody is sure about that too. The short bull rallies will most likely be sold until new bull rally arrives. Currently Bitcoin trades at $22000 which is slightly above $20K support.

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