Bitcoin dominance reach below 50% but back to over 50% in no time

[mindrust]

This reminds me of the 2017 bull market a lot. In late 2017 BTC rose so much, then it started lose its market cap to alts and the markets crashed completely later on. Right now we are having the alt pump (or we were) and if the history repeats, it means the full market crash is near.

I was thinking that after Bitcoin dominance lowers down below 50% the market will start to crash but I was wrong, instead of seeing its price rallying back high at $53k (at this post). To think about history repeats itself, I don't know but it is unlikely different in the situation we have. Because at this time, I was thinking that the market is able to stay above $40k.

We can't really know that yet unless BTC makes a new ATH tbh. Bitcoin may very well go below  $50k again from here and it wouldn't surprise anybody. If it is not making a new ATH then I'd say the chances for going lower are far greater.

[Oshosondy]

The dominance and marketcap are more accurately reflected real things in bear market. In such market phase, altcoins will be pulled back to their real values and scam projects will be killed to 0. Their contributions to total marketcap will be dropped significantly and scam project will have almost zero marketcap contribution.

I guess you meant low volume coins, well such projects will be called scam projects if killed during bear market by their marketcap turning to nothing but 0 but the recent bitcoin low dominance is as a result of altcoins such as Doge that increased to over $34 billion in marketcap, also is ripple that increase very significantly that its marketcap almost increase four fold recently including some good altcoins. The bull-bear-marketcap relationship can be somehow at times because bitcoin dominance during bull run at one time this year was over 70% but the altcoin season lower it to around 50%, but you are correct about saying that the low dominance will later fall more on altcoins if bear market begins.

[isaac_clarke22]

~

Ah yes the 20k dream back then.
It was hella memorable and it gave me quite a nostalgia at this point already, although that year was kind of not better than the market right now. It did crash all the way to 4k after stabilizing in 7k a lot though.

[romero121]

Bitcoin along with few other altcoins were turning bullish. Right now if someone like Elon Musk reveal a statement on acquiring more Bitcoin or any of the altcoins, then the market will once again skyrocket. The market crash is a correction or it is the real trend relative to the large volume sell off. This year is going to be a big year for Bitcoin, if the price cross the previous ATH then for sure $100k will be reached within 2021.

[Digital_Lord]

Bull market is not over yet all altcoin like trx,win,btt has not break their all time high yet. Bitcoin correction was due to false news of turkey to fully banned on crypto but later on the make some regulations and denied fully banned of cryptocurrency which result in bullish.