Tags: dominance

BTC also crashed, but the alts have it a lot worse.

Bitcoin Dominance, or market share among cryptocurrencies, took a sharp dive in May. Meanwhile, the altcoin sector has formed a bullish Golden Cross pattern on the price chart.

Analyst warns Bitcoin’s market share surge signals ‘final leg’ of macro uptrend before potential dominance collapse and altcoin rotation.

As Bitcoin’s dominance continues to increase, Rekt Capital says it increases the chances of a strong altseason occurring.

With Bitcoin’s dominance sustained by institutional and ETF flows, altcoins will have to rely on exchanges for the next altseason or find new strategies to attract capital.

Rising crypto prices are expected to enable companies to stay afloat and build their businesses; however, this does not appear to be the case.

Stablecoins and altcoins are facing steep declines in their dominance, while Bitcoin strengthened its market position.

Altcoins are getting hammered at the moment, with many of them falling to bear market lows, and there are a couple of reasons behind this drop.