Altcoin Despair Deepens as Bitcoin Dominance Soars to Multi-Year Highs
- Altcoin dominance has fallen to a historical support level that often precedes major rallies
- However, Bitcoin’s dominance has soared past 64%, driven by strong institutional demand
- Technical charts suggest altcoins are in a long-term accumulation zone despite weak sentiment.
Altcoins have had a rough few weeks, with most prices stagnating or falling even as Bitcoin continues to trades close to its all-time high as sentiment across the space slips with many investors beginning to question if holding onto altcoins is worth the wait.
Market sentiment has soured significantly in recent weeks as most altcoins bleed value. This growing divergence between Bitcoin and the rest of the market has pushed key metrics to critical levels, suggesting a major market shift could be on the horizon.
Altcoin Dominance Hits Historical Support
According to analytics firm Alphractal, altcoin dominance—excluding stablecoins—has hit historical support near 25%, and when excluding Ethereum, the support lies around 18%.
Something Big Is About to Happen with Altcoins!
Altcoin Dominance has reached its historical support level, and we could be on the verge of a wave of vol…
The post Altcoin Despair Deepens as Bitcoin Dominance Soars to Multi-Year Highs appeared first on Coin Edition.
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Crypto Confusion? These Altcoins Are Holding Strong Under Pressure
Altcoin Despair Deepens as Bitcoin Dominance Soars to Multi-Year Highs
- Altcoin dominance has fallen to a historical support level that often precedes major rallies
- However, Bitcoin’s dominance has soared past 64%, driven by strong institutional demand
- Technical charts suggest altcoins are in a long-term accumulation zone despite weak sentiment.
Altcoins have had a rough few weeks, with most prices stagnating or falling even as Bitcoin continues to trades close to its all-time high as sentiment across the space slips with many investors beginning to question if holding onto altcoins is worth the wait.
Market sentiment has soured significantly in recent weeks as most altcoins bleed value. This growing divergence between Bitcoin and the rest of the market has pushed key metrics to critical levels, suggesting a major market shift could be on the horizon.
Altcoin Dominance Hits Historical Support
According to analytics firm Alphractal, altcoin dominance—excluding stablecoins—has hit historical support near 25%, and when excluding Ethereum, the support lies around 18%.
Altcoin Dominance has reached its historical support level, and we could be on the verge of a wave of vol…
The post Altcoin Despair Deepens as Bitcoin Dominance Soars to Multi-Year Highs appeared first on Coin Edition.
Read More