Bitcoin’s dominance in the cryptocurrency market has slipped below 60%, and a rare Death Cross pattern has now formed on the dominance chart.
As of August 19, Bitcoin dominance stands at 59.71%, with the 50-day moving average crossing beneath the 200-day, a move that traditionally signals waning strength in the underlying trend.
Bitcoin dominance chart. Source: Finbold/TradingView
Rather than focusing on Bitcoin’s price itself, dominance measures the share of total crypto market capitalization captured by BTC compared to altcoins. When dominance trends lower, it reflects capital rotation into alternative assets, often coinciding with periods of relative outperformance in Ethereum and other large-cap tokens.
Over the past three months, Bitcoin dominance has fallen sharply from highs above 64%, dragged lower by accelerating altcoin inflows and profit-taking after BTC’s mid-year rally. Volumes accompanying this decline remain elevated, with $70.6 billion traded over t
We współpracy z: https://finbold.com/bitcoin-chart-shows-worrying-death-cross/
