AltCOins may never recover, while Bitcoin Domination became the biggest of the beginning of 2021. Years

The dominance of Bitcoin is constantly growing after falling to 40% in November 2022. The domination of Bitcoin crossed 64% of marks, which means that the Bitcoin account captures almost two thirds of the entire crypt of market capitalization. While some still wait for Altcoin Season to begin, others state that this cycle is different, and there will probably not be Art Season.

What does the dominance of the dominance of Bitcoin mean?

The dominance of Bitcoin is a metric denoting the share of bitcoin in the total crypting of the cryptocurrency market. When Bitcoin was the only cryptocurca in the world, she had 100% stake. As soon as other cryptocurries began to appear, Bitcoin was dominion began to decrease. However, Bitcoin has always been the most expensive crypto, so it took years for the rest of the crypto market to get a significant market share.

2017 was a transformative year, when an Ethereum-based tokens and especially ICO boom were dragged by bitcoin from 96% to 20% by 2018. years. From 2018. until 2020. year, the share of Bitcoin is disappearing, it moves with a large amplitude. In the first half of 2021. The dominance of Bitcoin fell from 70% to about 40% in awakening market growth definition. The year also saw the NTF market growth, and most NFTS was built on the Etherum and BNB chain.

It may seem to be the chart of the dominance of Bitcoin rather a reflection of the market state, but it is also an indicator used by traders and investors to understand market feelings and correct their trading / investment strategies.

For example, the decline in the dominance of Bitcoin was considered a crypt expensive, as well as in the bull market, traders and investors experimented impatiently with Altcoin. High domination Bitcoin was usually a sign in the bear market, the period when the crypto investors preferred to hold the best value store, Bitcoin, not investing at riskier Altcoins. However, some experts think that this cycle will change the role of Altcoin on the crypto market.

How short is Altcoin season?

“Bitcoin, not crypto” – the motto especially popular among the maximum bitcoin, now reflects a new trend in crypto investment. Scott Melker, hosting the wolf of all streets, the model in which investors buy and becoin and altcoyne as a “washing machine”, in which the value is endlessly circulating between Bitcoin and Altcoin with a gradual inflow of new money.

To an interview From Cripto.Nevs, Coinv CSO Nassar Achkar claims this cycle is different. Instead of buying the DIP to sell high, investors buy Bitcoin whenever I can’t even sell it. More than that, fewer people are eager to share Bitcoin for Altcoins. The idea of ​​Bitcoin as a spare currency has increased governments and corporations and spread among retail investors.

Governments and corporations themselves became a massive customer Bitcoin. They spend millions of dollars to buy Bitcoins. These dollars are new for the market, not some winnings from Altcoin trading. This new money is staying in Bitcoin, because no one sells it. It is a look explaining the growing dominance of Bitcoin. Bitcoin is pumped with a new FIAT inflow, while Altcoina’s share is slowly fading.

As Melker describes it, “Altcoyni bleeds against BTC, because owners are sold to pay bills, not rotating in Bitcoin.”

Cryptovers General Manager, Benjamin Coven, noticed that the dominance was Bitcoin 69% if we turn off Stablecoins. When asked about AllCoin Seasons, he just divided the chart indicating that Altcoin / BTC couples should refuse even more before they bounce and start to grow.