04-23-2021, 05:06 AM
Bitcoin Dominance Has Just Fallen Below 50%!!!
<!-- SC_OFF --><div class="md"><p>With the rapid rise of ETH and BTC stabilizing over the past few hours - BTC has just fallen below 50% dominance for the first time since July 2018.</p> <p>One of the main reasons we look at Bitcoin Dominance is because it can help us understand if altcoins are in a downtrend or uptrend against BTC.</p> <ol> <li>When BTC Dominance increases, alts on the whole lose BTC value.</li> <li>When BTC Dominance decreases, alts on the whole gain BTC value.</li> </ol> <p>In the past, declines in this indicator marked subsequent “altcoin seasons.” </p> <p>Could be a bullish few weeks for alts ahead!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Sweaty-Rope7141"> /u/Sweaty-Rope7141 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mw4sn9/bitcoin_dominance_has_just_fallen_below_50/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mw4sn9/bitcoin_dominance_has_just_fallen_below_50/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>With the rapid rise of ETH and BTC stabilizing over the past few hours - BTC has just fallen below 50% dominance for the first time since July 2018.</p> <p>One of the main reasons we look at Bitcoin Dominance is because it can help us understand if altcoins are in a downtrend or uptrend against BTC.</p> <ol> <li>When BTC Dominance increases, alts on the whole lose BTC value.</li> <li>When BTC Dominance decreases, alts on the whole gain BTC value.</li> </ol> <p>In the past, declines in this indicator marked subsequent “altcoin seasons.” </p> <p>Could be a bullish few weeks for alts ahead!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Sweaty-Rope7141"> /u/Sweaty-Rope7141 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mw4sn9/bitcoin_dominance_has_just_fallen_below_50/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mw4sn9/bitcoin_dominance_has_just_fallen_below_50/">[comments]</a></span>Kind Regards R