What does it signal on the dump in BTC dominance?

What does it signal on the dump in BTC dominance?


Dear Readers,

At the time of writing this article, the global crypto market cap is valued at $3.5T, a 0.61% increase over yesterday.

The crypto leaders BTC is trading at 95862 (-0.19%) and ETH is trading at 3661 (+0.46%). 

The fear greed index is at 79 which is greed.

The BTC dominace is at 54.11% and ETH dominance is 12.55%.

It is to be noted that the BTC dominance in the crypto market is consistently coming down over a period of time in the last 2 months irrespective of the high number of buyers at the lower end price of the BTC. 

In the past 1 month alone, it has come down 8.46%. 

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Many in the crypto market are anticipating the BTC would test the record high of 100K mark in the near term ahead; many also fore see that before the next pull back rally, BTC may dump slightly before going new highs.

The BTC dominance's continuous dump is signalling the alt coin should go higher.

Keep up this mind to set your trading strategies. 

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