BTC losing its dominance big time

[Refrumatrix]

Bitcoin dominance keeps dropping mates  ,I think we are definitely in for altcoin bullish season starting from any time now, oops sorry it has already began lol but mind you it's never too late, I heard many missed the train in 2017 well here we are again, it's happening right under your nose, safe yourself some sorry later and take risks now

[1715296937]

1715296937

[1715296937]

1715296937

[1715296937]

1715296937

[DaMut]

from the chart above, if the dominance does not bounce back.
we should expect altseason to start this month, I am really expecting it but at the same time I am afraid.
are we really going to see it? compared to before, we are already high enough. but everything can happen in cryptocurrency.
let's hope it is going to happen and fingers crossed.

[ivankoh]

Bitcoin dominance keeps dropping mates  ,I think we are definitely in for altcoin bullish season starting from any time now, oops sorry it has already began lol but mind you it's never too late, I heard many missed the train in 2017 well here we are again, it's happening right under your nose, safe yourself some sorry later and take risks now

My opinion is the opposite.  Bitcoin has never lost its dominance, with bitcoin's market cap regularly> 60% of total market cap.  It happened similarly to 2017 but even better this year.  Bitcoin becomes a symbol of wealth at this point.  Except for fomo that give a great boost to resilience like Doge.  It still moves in an elastic trend with bitcoin.

[WalkerIVIV]

Bitcoin has never lost its dominance,

It sounds very strange for me to see that, if that was happening and why the dominance of bitcoin is always decreasing. Altcoin was gaining the more value and this is also eating the total dominance of bitcoin in the market. That means of the bitcoin dominance getting lost from the small portion.
Bitcoin is losing its domination to the market due to the altcoin bullish trend.

I think what you were saying was not true at all.

[HashingTower]

from the chart above, if the dominance does not bounce back.
we should expect altseason to start this month, I am really expecting it but at the same time I am afraid.
are we really going to see it? compared to before, we are already high enough. but everything can happen in cryptocurrency.
let's hope it is going to happen and fingers crossed.

Since you used the word 👉 Afraid it means you've probably invested lots of money that you aren't ready to lose, if this is correct I suggest you replan yourself or rather use stop loss strategy, it did look like altcoin season is happening but nothing is certain in crypto world

[Bitstar_coin]

Bitcoin dominance keeps dropping mates  ,I think we are definitely in for altcoin bullish season starting from any time now, oops sorry it has already began lol but mind you it's never too late, I heard many missed the train in 2017 well here we are again, it's happening right under your nose, safe yourself some sorry later and take risks now

What percentage has btc dropped over alts? Is it below 60%, I think last time it was above this percent, if that's the case it will be good for alts holders, already some alts has been surging really high in past days, bnb is just on a part to touch $500 any moment from now,
Am happy to hear btc losing dominance, maybe now alts can have the chance to pump.

[Bravehash]

Well here is my own thought, we still need BTC to keep doing it's thing, that's the only way altcoins can keep growing, many altcoins have did 10x already and some have passed their ATH, so just think about it if BTC stop growing now, isn't that showing that it's over??? BTC breaks the 59k resistance finally and I hope it keeps surging

[Little Mouse]

The domination has decreased significantly in the last week and it’s certainly good for the altcoin bull. However, BTC has shown a great performance today and it’s possible that BTC will break its current resistance and wilp be heading to $70k, in that case, we may miss the altcoin bull once again.
By the way, a lot of coins have already reached its ATH and they may not see no more pump. Like we had seen LTC to reach ATH in 2017 along with BTC ATH.

[traderethereum]

Bitcoin dominance keeps dropping mates   ,I think we are definitely in for altcoin bullish season starting from any time now, oops sorry it has already began lol but mind you it's never too late, I heard many missed the train in 2017 well here we are again, it's happening right under your nose, safe yourself some sorry later and take risks now

I do not think bitcoin dominance keeps dropping because the price still above $55k and we already saw bitcoin gets more support to lift the price to $61k-$62k a few hours ago.
Although the price now is down than before, the dominance still on the way and I think it's going strong.
If the price increase, that will decrease after it hit the highest price and it will be back to the next high price, and that already happens many times.
I am not worried about that because I believe in bitcoin.
The altcoin showing a good way to increase and get another altcoin season, so we can expect to make a profit this month.

[andthereyou]

If this current trend continue maybe we can see the most awaited altseason. By the way I am all in alts since the beginning. However bitcoin is still increasing little by little. Let's just wait and see.

[JooBra]

If this current trend continue maybe we can see the most awaited altseason. By the way I am all in alts since the beginning. However bitcoin is still increasing little by little. Let's just wait and see.

It's natural for altcoins to catch up to BTC. There are new projects that have better fundamentals and more options. I think in next 5-10years we will see a project that will surpass BTC at first place. It's natural to evolve and in crypto BTC is dinosaur.

[devollito]

Its still nothing co.pare to last years, it is also good for btc adoption. Because i am sure at the end those money will come back to btc dominance and it will goes up again. At btc peak bullish phase we will see 85-95% dominance for btc.

[Coin_trader]

Its still nothing co.pare to last years, it is also good for btc adoption. Because i am sure at the end those money will come back to btc dominance and it will goes up again. At btc peak bullish phase we will see 85-95% dominance for btc.

The 85% to 95% is a very rare scenario to happened again. We already experienced a growth of BTC more than last 2017 Bullrun but the BTC dominance is not even close to 2017 Bitcoin dominance. The difference is because more project available right now has a real use case with working product unlike before that most project has no project and only whitepaper available. Most of the new project during 2017 is already fully developed right so there's already many loyal investors on each project.

Getting 85% and above of the total coinmarketcap is nearly impossible to occur considering the current price of bitcoin is too high now.

[meanwords]

I don't know man. It seems still pretty high to me. The only altcoins who are competing in the dominance are those in the top 20. Other altcoins are simply too little to compete with Bitcoin. "BTC losing its dominance big time" is kind of a stretched in my opinion.

[Febo]

Bitcoin dominance keeps dropping mates  ,I think we are definitely in for altcoin bullish season starting from any time now, oops sorry it has already began lol but mind you it's never too late, I heard many missed the train in 2017 well here we are again, it's happening right under your nose, safe yourself some sorry later and take risks now

That is what happens when bull run in in a full spring. Bitcoin domination will reduce until we will be deep in bear market. At the end of bear market it will start to grow again.

[lobo13hf]

Its still nothing co.pare to last years, it is also good for btc adoption. Because i am sure at the end those money will come back to btc dominance and it will goes up again. At btc peak bullish phase we will see 85-95% dominance for btc.

that doesn't make sense. Bitcoin is touching its yearly lowest dominance in the cryptocurrency market.
If bitcoin is still growing steadily and then money will be moving again to the bitcoin but this is for long term. The bitcoin whales were also playing with altcoins when there's no enough volatility on bitcoin.
I think that the old history will not repeat again. altcoins were also gaining more interest by the institutional investors as well.

That would be a difficult thing to get the dominance from the altcoins.
Altcoins were growing massively at the same time.

[dhemasm]

from the chart above, if the dominance does not bounce back.

Tons of new Coin/Tokens with different unique use case, DeFi, NFT, Decentralized Storage, Cloud and many more. Some people will sell their BTC and joining some IDO For a while since it's was real instant profit and of course some IEO Like Binance Launchpad. Well, it's normal i think since the market will seek new innovation.

[J1mb0]

Bitcoin has never lost its dominance in the cryptocurrency market, all altcoins operate around bitcoin.
Even though altcoins are doing well at the moment, bitcoin is still at the heart of the cryptocurrency market.

[acdc]

We are currently in the altcoin bull season so a lot of market capital is pouring into altcoins so it looks like bitcoin's position in the market is down. However, when the altcoin season goes through, everything is back to normal Bitcoin is undoubtedly the king of the cryptocurrency market.

[Bttzed03]

78% Where did you get this? That aggregator probably doesn't have a lot of coins/tokens listed on it or it has a completely different way of computing. Coingecko has it at 53% while it's around 54% at Coinmarketcap.

Bitcoin has never lost its dominance in the cryptocurrency market, all altcoins operate around bitcoin.
Even though altcoins are doing well at the moment, bitcoin is still at the heart of the cryptocurrency market.

Market dominance is measured by market capitalization. It's true that most altcoins are still tied up to the BTC price movement but you cannot say it never lost some of its dominance when the data clearly say so.