BTC dominance headed towards 50%!!
Here's a quick look at the bitcoin dominance chart. As we can see, the dominance has retested the 39% region and is currently bouncing from that region. The last three times the dominance touched the 39% region, the dominance jumped hard!
The current bounce in the dominance could mean that Altcoins are falling at a higher rate than BTC, which means that Altcoins are getting rekt (Which they are!). Therefore one should stay away from trading Altcoins due to the increased risk and high volatility.
Stay safe!
The current bounce in the dominance could mean that Altcoins are falling at a higher rate than BTC, which means that Altcoins are getting rekt (Which they are!). Therefore one should stay away from trading Altcoins due to the increased risk and high volatility.
Stay safe!
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