Bitcoin dominance has begun to decline.

[Nostoman]

when everyone is calling for moon and saying go all in into alts. Bitcoin dominance today go to 64.7% level and rejected from there. 64.7% is the local resistance zone and as long as it is above 62%, it will try to go towards 66-67% resistance zone. Watch out your trades. What do you think?

[Ogma]

Actually the price of BTC is not increasing before couple of weeks that you mean .yes it is true but the flow is not stop Today the price is $50,771 . So it is time to wait and see how change the market cap .

[trauchot]

For a long time, Bitcoin dominance has been holding in the area of 60-65% and I do not think that Bitcoin dominance will fall in the near future, since now more and more people are interested in investing in bitcoin and I think the demand for bitcoins will grow every day, so it is even possible that Bitcoin dominance will grow more.

[CriptoLH]

I think it's too early to talk about a decline in bitcoin's dominance. A small price correction does not mean anything. Bitcon is still the number one cryptocurrency and more and more large investors are interested in it. It is time for bitcoin to grow and it is only gaining its value among cryptocurrencies.

[gurunanakji777]

I would say Bitcoin dominance is still on the higher side. 2%-3% movement of Up and down of BTC dominance is not a big move for me. It is normal as far as I understand. There is no sign that Btc will start consolidating here I feel Btc will rise again and I hope the dominance of BTC will increase again, on the contrary, I also expect altcoins will also getting strong. BTC bull is still strong let's see how it moves in coming days.

[Muneeb22]

Bitcoin now playing up and down game and i hope that soon the market go high and the BTC will touches the sky and this time BTC touches the $200k.

[Komorhan]

The second round of the altcoin season will come very soon and bitcoin may remain with 55% of the capitalization on the crypto market! Every day we see more and more interesting things that are taking a piece of the pie! Bitcoin will lose its dominance by the next halving in 2024!

[Alter]

I hope it is the sign of altcoin season, the Bitcoin is starting to not dominate the crypto market again. However, it doesn't mean to expect the price of Bitcoin is decreasing, what we need is a sideway of Bitcoin price. Let's see what is the meaning or the impact of the decline of Bitcoin domination.

[I-Bit]

Is it serious or like a sudden response to the crypto market?
So far, the dominance of Bitcoin is always increasing. Moreover a few hours ago where the BTC price is down enough and made the altcoin price are decreasing. This really give a big influence on them

[UNIVERSE]

It is probably true. We know that BTC is always dominant to altcoins, always influence the price. When BTC price is increasing highly, it will make altcoins going down. And when the BTC price is going down, the altcoins are also going down. We need BTC sideways and decrease the dominance to make altcoins to the moon

[Octoalts]

This will only happen temporarily, because Bitcoin will again dominate the Crypto market.  Altcoins are currently increasing, this is the effect of rising Altcoin prices, some of them have reached their highest prices.

[bmw1]

Yes it is true that the way Bitcoin was priced in 2017 continuously in 2018, 2019, the way Bitcoin prices increased towards the end of 2020 as sales in 2021 peaked at more than 50k+. This is because the richest people in the world are investing in bitcoin, but even then it has been seen that the price of bitcoin is constantly falling.

[Paglamon]

The dominance of Bitcoin has now declined somewhat. Currently the bitcoin market is going down a bit. But great results can be expected in the future. I think the total market cap of Bitcoin will increase by 200% in 2021. Which is much higher than in previous years. Everyone wants to set a new record in the bitcoin market. So keep watching the market, keep watching.

[Review Master]

It's better to not take any kind of trades on alts if there aren't any upcoming events of that coin when bitcoin dominance is on high level or more than 60% ATM. Also, currently market on correction mode and maybe it's the best time to take entry on potential ats as bitcoin's dominance is still under 60% and hopefully it'll be on downtrend for couple of days to give us enough chance to fill our portfolio with both bitcoin and altcoins.

[sampoerna]

There is a moment where Bitcoin will be very dominant in the market, this will really determine the market condition, bump, and pump of the crypto prices. However, when the price of BTC is sideways, maybe this is will make the prices of the altcoins are increasing.