Bitcoin dominance dropping while BTC price sees some pullbacks is a recipe that will crush altcoins! And we can get a quick glimpse of what that looks like with todays market. The chart above shows BTC.D dropping over the last several days and the chart below shows Bitcoin price with today having a heavier pullback than the days prior.
And this single day pullback on BTC while BTC.D drops has lead to a lot of losses on altcoins today. Granted there are some anomalies, but many more -4-5% losses in the market. If this is a taste of what is to come for the market starting in Q1 then it could get ugly, quickly.
Bitcoin dominance dropping while BTC price sees some pullbacks is a recipe that will crush altcoins! And we can get a quick glimpse of what that looks like with todays market. The chart above shows BTC.D dropping over the last several days and the chart below shows Bitcoin price with today having a heavier pullback than the days prior.
And this single day pullback on BTC while BTC.D drops has lead to a lot of losses on altcoins today. Granted there are some anomalies, but many more -4-5% losses in the market. If this is a taste of what is to come for the market starting in Q1 then it could get ugly, quickly.