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esmeralda
@esmeralda
Bitcoin Dominance Tipped To Hit 57% β Altseason Incoming? Bitcoin saw a 5.73% price decline last week but increased its market dominance to 61% as altcoins suffered greater losses. Analyst Egrag Crypto highlights an Adam & Eve pattern, predicting a potential retracement in Bitcoin Dominance if it fails to hold key support at 61.50%, possibly dropping to 57%. This could boost altcoin prices, though factors like low network activity and macroeconomic conditions hinder a full altseason. Analytics firm IntoTheBlock notes a lack of strong bullish narratives like NFTs or DeFi to drive a widespread altcoin rally. The total crypto market is valued at $3.13 trillion, with Bitcoin, Ethereum, and altcoins holding 61.0%, 10.1%, and 28.9% dominance, respectively.
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kelebekπΌοΈ π© π
@kelebek
really tired of waiting for it 366 $DEGEN
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$DEGEN Tip Bot
@degentipbot.eth
β 366 tipped β 0 remaining 998 / 998 (100%) β β β β β β β β β β
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