Analysts Think the Worst is Yet to Come for Altcoins as Bitcoin’s Strength Grows

The aggregated crypto market hasn’t been able to capture the full momentum that Bitcoin has experienced in recent times. The flood of funding to Bitcoin suggests that investors are keen on being exposed to the potential upside offered by its growing status as a “hard asset.” The benchmark cryptocurrency’s overt strength comes as it is flashing immense signs of bullishness against a bleak global backdrop. Its popularity amongst traditional investors has grown greatly as well, as prominent Wall Street investors like Paul Tudor Jones have offered bullish outlooks on BTC. All this has caused its dominance over the aggregated market to rise, with many altcoins seeing woeful performance against their BTC trading pairs. This has led one analyst to note that a bout of capitulation could be imminent for these smaller digital assets.

Bitcoin Garners Greater Dominance Over the Crypto Market

Bitcoin’s dominance over the crypto market has been growing ever since the early-2020 uptrend began stalling in mid-February. Read More...

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