Bitcoin Dominance Trending Up - Time to Get Out of Altcoins?
Bitcoin dominance, a metric that calculates the cryptocurrency’s share versus other assets on the market, has been trending up since the start of October. The last time dominance was at this level was at the end of August.
“Although there is positive sentiment around BTC, bull runs usually lead to a bear market in alt coins,” noted Melvis Langyintuo, a market strategist for the San Francisco-based cryptocurrency exchange OKCoin.
“Although there is positive sentiment around BTC, bull runs usually lead to a bear market in alt coins,” noted Melvis Langyintuo, a market strategist for the San Francisco-based cryptocurrency exchange OKCoin.
