As bitcoin continues to struggle to make a new all-time high, the altcoins are perhaps starting to manoeuvre for their next big push up in this crypto bull market. Bitcoin dominance has broken down. Could this be the beginning of an altcoin run?
Altcoins suffer less than $BTC
No sooner does bitcoin get a rally going than it meets with rejection. The recent news of $BTC being moved out of Mt.Gox wallets was the probable recent catalyst for this.
Of course, if bitcoin catches a slight cold, the altcoins normally get the flu, so the $BTC dump did little to enhance altcoin prices across the board. That being said, the combined market cap of altcoins does not appear to have suffered as much as the $BTC price.
Ethereum is a major factor
Ethereum (ETH) is probably one of the major factors for this, given that this morning’s Mt. Gox blip has already been absorbed by the number 2 cryptocurrency by market cap. The $ETH price is continuing to rally following the approval of the Spo
We współpracy z: https://cryptodaily.co.uk/2024/05/bitcoin-dominance-breakdown-altcoins-to-run
