Major Market Shift: Altcoins Just Don’t Give a F#ck
After a lifetime of following Bitcoin’s erratic ups and downs, altcoins now appear to be standing on their own, strong and tall.
Days of gains without a pullback continue, despite Bitcoin falling back anywhere from 2 to 5 percent today. Typically, after a number of days of solid gains, altcoins plummet at the slightest sign of a dip in Bitcoin’s price.
Here’s a look at today’s highlights:
Bitcoin dominance also continues to fall as altcoins gobble up more and more share of the crypto market. At time of publishing, Bitcoin dominance is down to 32.9% on Coinmarketcap. It was above 60% less than a month ago.
Of course, if and when Bitcoin takes a major tumble, it’s still likely the whole market would move down. Regardless, the mood is clearly different, and it will be fascinating to see what happens moving forward.