Cryptocurrency
Five Signs Bitcoin Dominance Has Bottomed: Are Altcoins Headed To Zero?
NewsBTC reports, “Bitcoin is up well over 50% year to date, but altcoins have beaten out the first-ever cryptocurrency in 2020. Etheruem, for example, has tripled compared to the number one cryptocurrency, and several others hare outperformed by even more. “But there are five, powerful high timeframe signals that could be suggesting that BTC dominance […]
NewsBTC reports, “Bitcoin is up well over 50% year to date, but altcoins have beaten out the first-ever cryptocurrency in 2020. Etheruem, for example, has tripled compared to the number one cryptocurrency, and several others hare outperformed by even more.
“But there are five, powerful high timeframe signals that could be suggesting that BTC dominance has bottomed, and altcoins are in for annihilation in the days ahead.
Bitcoin Dominance Signals Bottom Is In, Are Altcoins Doomed?
“It is difficult to imagine, given just how strong altcoins have been performing in 2020. On the heels of the DeFi explosion, nearly all altcoins are up significantly year-to-date. The recent rally has brought the total crypto market cap back to pre-bear market levels.
“The lower down the top 100 list of crypto assets, the gains get even more sizable, showing just how even a little capital flowing into illiquid crypto assets can move the needle.
It has got outsiders searching feverishly on Google to find out how to ‘buy crypto‘ and crypto insiders are speculating on worthless coins once again, just like the bubble of 2017…”