Impact of Bitcoin growing Dominance on the Crypto space

asus09

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Quote from: Mrsparks on August 22, 2019, 06:22:27 PM

Bitcoin being the pioneer cryptocurrency has always had a big gulf between it and other cryptocurrencies in the market mostly in term of valuation. Although this is expected, the growing dominance BTC is having on the entire crypto market does not speak good for the crypto space...
As at the time of this publication, btc dominance in the crypto market account for 68.4 percent, with this being the highest since April 2017. The question is what does this growth in dominance imply?those it suggest an immiment pump? since the bull run started not long after such high dominance was recorded or those it imply further dump for altcoins and increase it btc valuation...
Please share your opinions.

When bitcoin dominance altcoin price will go down, most than last three months bitcoin always dominance in exchange market with 70% and do not give place for altcoin to raise higher price, less dominance with altcoin because many investor look invested with bitcoin than invested money with altcoin, less price by altcoin make many investor just interested with bitcoin investment only.

error08

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Nope, bitcoin dominance increase or decrease not growing, dominance does nothing to represent bitcoin liquidity, it just a metric of bitcoin market capitalization to show how popular investing in bitcoin compared to other altcoins in the crypto market. Just for reference to provide an easy and quick overview of bitcoin.

Shasha80

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The impact of bitcoin growing dominance on the crypto can make the altcoin market go down and bloodbath, which will later
increase shitcoins and dead coins.Then it can cause a bull run. What makes a lot of people disappointed with bitcoin being more
dominant is that people can only invest in it bitcoin, then with assets in altcoin the price will be destroyed, and can't do daily trading.
But in my opinion don't be too dominant bitcoin will be no trading activity for altcoins. Because the price will be destroyed.

Argoo

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Quote from: nicecrypto on August 25, 2019, 05:13:24 AM

Btc dominance has overshadowed all other alts without a doubt, and from the look of things it seems this will continue for sometime, it seems as if the demand for btc keeps increasing as new investors put in money in the market, people trust their investment on btc than other alts hence the continue dominance.

Honestly, I do not like the tough price dominance of bitcoin in the cryptocurrency market. Of course, there are many useless altcoins on the market, but I would prefer that each of them develop without such dominance. Now, even the best altcoin projects have been in a price decline for almost two years due to bitcoin. Because of this, many began to lose their general interest in cryptocurrency. I think that the price dominance of bitcoin will not last long anyway. The cryptocurrency market will find a way to harmonize the relations of its participants.

jarhed

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Quote from: sureshverma on September 30, 2019, 08:57:19 AM

Quote from: Kizaki on September 30, 2019, 08:22:39 AM

The major impact you can see with the rise of bitcoin dominance in market is the expected price drop of altcoins.Whenever bitcoins dominance rise altcoins go on a bloodbath and vice versa happen when bitcoins dominance go low

I agree with you. But on another be and not can. Altcoins occupy a niche and everyone who invests in them should understand the risks he is taking

When prices for Altcoins fell on average 20 times, then the risks of investing in these coins fell several times. I think that you can invest in Altcoins at the current price.

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Quote from: Kizaki on September 30, 2019, 08:22:39 AM

The major impact you can see with the rise of bitcoin dominance in market is the expected price drop of altcoins.Whenever bitcoins dominance rise altcoins go on a bloodbath and vice versa happen when bitcoins dominance go low

I agree with you. But on another be and not can. Altcoins occupy a niche and everyone who invests in them should understand the risks he is taking

senne

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I was reading a news article where it was mentioned that actual BTC dominance is quite above the one we see on coinmarketcap. It is somewhere near 90%. This shows that no other altcoin stand a chance against bitcoin even in near future. For currency to be successful, it needs high liquidity in the market. This not only helps in facilitating easy trade and transactions but ensure more security too.

Link to the article-
https://cointelegraph.com/news/bitcoin-dominance-is-actually-above-90-new-research-suggests

Kizaki

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The major impact you can see with the rise of bitcoin dominance in market is the expected price drop of altcoins.Whenever bitcoins dominance rise altcoins go on a bloodbath and vice versa happen when bitcoins dominance go low

Dread Pirate Roberts

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Quote from: Mrsparks on August 22, 2019, 06:22:27 PM

Bitcoin being the pioneer cryptocurrency has always had a big gulf between it and other cryptocurrencies in the market mostly in term of valuation. Although this is expected, the growing dominance BTC is having on the entire crypto market does not speak good for the crypto space...

Mostly all altcoins must be the benchmark price of bitcoin. obviously bitcoin will greatly affect the entire crypto market and other coins. and the dominance of bitcoin is certain because of these factors. but often everything has its time. when bitcoin starts at stable prices. altcoin often becomes the dominant in the market. along with bitcoin itself. it always like that.

MetalGear

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The higher the dominance of BTC the more the chance for it to have the power to control crypto space in terms of having all the investors prefer it more than other cryptocurrencies. On the other hand, the more the dominance of BTC rise, the lesser the chance of altcoin to pump most especially if BTC's market cap has 68% dominance in the crypto space.
Another thing is, whenever the BTC has a bullish run, altcoin's price might follow but can't outgrow the price of bitcoin. BTC's dominance also has made investors have the perception of preferring BTC over other cryptocurrencies. It will be hard for other cryptocurrencies like altcoin and ETh to outgrow BTC because the latter has been known for a long time in crypto space and even had the dominance up to 100% before the birth of othe cryptocurrencies.

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Quote from: Wexnident on September 30, 2019, 12:41:04 AM

Of course, this makes it very difficult for some coins to survive since the meaning of altcoins was to fight off bitcoin at its throne and try to surpass it

I disagree with that, altcoins is not in circulation to fight bitcoin or for one of it to try and be the number one cryptocurrency, alt-means alternative, and that's something used when the other closely related item or whatever is not available.
Altcoins are there for those who wouldn't be able to get bitcoins to purchase them, though rather than purchase altcoins, I'll rather buy bitcoins with the exact value of that money.

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Quote from: Mrsparks on August 22, 2019, 06:22:27 PM

Bitcoin being the pioneer cryptocurrency has always had a big gulf between it and other cryptocurrencies in the market mostly in term of valuation. Although this is expected, the growing dominance BTC is having on the entire crypto market does not speak good for the crypto space...
As at the time of this publication, btc dominance in the crypto market account for 68.4 percent, with this being the highest since April 2017. The question is what does this growth in dominance imply?those it suggest an immiment pump? since the bull run started not long after such high dominance was recorded or those it imply further dump for altcoins and increase it btc valuation...
Please share your opinions.

You've already stated the fact of bitcoin dominating the crypto space. It was its pioneer. Almost if not all price of coins are affected whenever bitcoin price increases or decreases and that's why the bitcoin market is the one that is always watched by the people since it pretty much dictates how some coins rise and fall. Of course, this makes it very difficult for some coins to survive since the meaning of altcoins was to fight off bitcoin at its throne and try to surpass it. Observing the current course of events from the past few years, none had been able to shake the foundation of btc at the market and I would really doubt there would be one in the near future.

timerland

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Quote from: Rufsilf on September 29, 2019, 08:56:42 AM

It has a positive and negative impact on the market.

Negative effect
* it makes altcoins become undervalued and it causes more altcoins to be totally dead as investors are usually get attracted into Bitcoin alone.

Positive impact
*More investors and user keep coming as it helps to promote crypto
*increase in market demand and to move the market price of Bitcoin

Depends - having a big amount of bitcoin dominance in the market isn't bad, or good really. It means that the altcoins will 100 percent follow the movements of BTC, and they aren't really undervalued - just that they don't really have control over themselves due to the dominance.

I'd also prefer more BTC dominance in the market - I think the recent changes to the market are pretty good, and I think the biggest problem we need to get over right now would be BTC adoption - more countries need to get in here.

Kyraishi

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Firstly, not sure why you'd revive a 1-month dead thread to post a pretty useless statement, but I'll respond.

Quote from: CODE200 on September 29, 2019, 01:51:59 AM

Quote from: Mrsparks on August 22, 2019, 06:22:27 PM

Bitcoin being the pioneer cryptocurrency has always had a big gulf between it and other cryptocurrencies in the market mostly in term of valuation. Although this is expected, the growing dominance BTC is having on the entire crypto market does not speak good for the crypto space...
As at the time of this publication, btc dominance in the crypto market account for 68.4 percent, with this being the highest since April 2017. The question is what does this growth in dominance imply?those it suggest an immiment pump? since the bull run started not long after such high dominance was recorded or those it imply further dump for altcoins and increase it btc valuation...
Please share your opinions.

Bitcoin is not really dominating the whole crypto currency world because there are still coins which people choose and not just the bitcoin itself. I think its being top 1 in crypto didn't give any pressure on the other altcoins.

Bitcoin dominance is at an all-time low right now and saying it doesn't affect the price movements of other altcoins is just stupid. Look at the recent 2 market crashes, as well as the one last year where BTC dropped from 20k to 8k, and all the altcoins followed suit as well.

It is definitely dominating the entire market, and the price of BTC definitely makes the other coins follow suit.

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Quote from: DeadCoin on September 29, 2019, 10:22:29 AM

Quote from: Rufsilf on September 29, 2019, 08:56:42 AM

It has a positive and negative impact on the market.

Negative effect
* it makes altcoins become undervalued and it causes more altcoins to be totally dead as investors are usually get attracted into Bitcoin alone.

Positive impact
*More investors and user keep coming as it helps to promote crypto
*increase in market demand and to move the market price of Bitcoin

Though few alts are affected by BTC dominance, few alts do not fall into it. I can name few coins like, ERD, COS, Matic are have stood still not loosing their values when the btc value went down. They are based on their projects and services which shows the values of coins are based on the service and project they do in the market. However, we have to wait and see that how long these coins are keeping themselves standard to what they are now.

That is what we'd likely to see them. If they'll have a good market plan and sustainable growth it surely we could see these coins keep in moving.

Actually, I'm not really familiar to those coins but it is good thing that they will be able to sustain and fight for the market crisis. I know there are some altcoins could make it.

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Quote from: Rufsilf on September 29, 2019, 08:56:42 AM

It has a positive and negative impact on the market.

Negative effect
* it makes altcoins become undervalued and it causes more altcoins to be totally dead as investors are usually get attracted into Bitcoin alone.

Positive impact
*More investors and user keep coming as it helps to promote crypto
*increase in market demand and to move the market price of Bitcoin

Though few alts are affected by BTC dominance, few alts do not fall into it. I can name few coins like, ERD, COS, Matic are have stood still not loosing their values when the btc value went down. They are based on their projects and services which shows the values of coins are based on the service and project they do in the market. However, we have to wait and see that how long these coins are keeping themselves standard to what they are now.

Rufsilf

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It has a positive and negative impact on the market.

Negative effect
* it makes altcoins become undervalued and it causes more altcoins to be totally dead as investors are usually get attracted into Bitcoin alone.

Positive impact
*More investors and user keep coming as it helps to promote crypto
*increase in market demand and to move the market price of Bitcoin

Shenzou

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Most of the people look to cryptocurrency as a type of investment and not as an asset, they only care about profiting from it on the short term and that is reflected by the dominance of the bitcoin over the market due to it high value and increasing rates so when people look at the price of bitcoin and other crypto they are immediately drawn to bitcoin because they can get more value from it , and that comes directly from bitcoin being the first crypto that people invested in and supported and altcoins flowing it after a while, this dominance is always going to be the case and won't change as long as bitcoin is still active the only way this could change if the support for other coins starts growing which is very hard to do because they don't offer a whole lot of difference to what bitcoin does better

Lalafell

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Quote from: Mrsparks on August 22, 2019, 06:22:27 PM

Bitcoin being the pioneer cryptocurrency has always had a big gulf between it and other cryptocurrencies in the market mostly in term of valuation. Although this is expected, the growing dominance BTC is having on the entire crypto market does not speak good for the crypto space...
As at the time of this publication, btc dominance in the crypto market account for 68.4 percent, with this being the highest since April 2017. The question is what does this growth in dominance imply?those it suggest an immiment pump? since the bull run started not long after such high dominance was recorded or those it imply further dump for altcoins and increase it btc valuation...
Please share your opinions.

Without the doubt, the dominance of bitcoin in virtual world is still bulking, on this situation some altcoins are being overshadowed or being downtrend and maybe uptrend, so we can conclude that bitcoin has a big impact to the economic growth of the blockchain or in the cryptomarket. Bitcoin than other altcoin is much trusted on a way of investing, since bitcoin is being known worldwide.

CODE200

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Quote from: Mrsparks on August 22, 2019, 06:22:27 PM

Bitcoin being the pioneer cryptocurrency has always had a big gulf between it and other cryptocurrencies in the market mostly in term of valuation. Although this is expected, the growing dominance BTC is having on the entire crypto market does not speak good for the crypto space...
As at the time of this publication, btc dominance in the crypto market account for 68.4 percent, with this being the highest since April 2017. The question is what does this growth in dominance imply?those it suggest an immiment pump? since the bull run started not long after such high dominance was recorded or those it imply further dump for altcoins and increase it btc valuation...
Please share your opinions.

Bitcoin is not really dominating the whole crypto currency world because there are still coins which people choose and not just the bitcoin itself. I think its being top 1 in crypto didn't give any pressure on the other altcoins.

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Quote from: bitcoinposts on August 31, 2019, 05:31:46 AM

with bitcoin strong dominance we can see most of the altcoins are suffered major downtrend in the market once btc stabilizes at certain price then we can expect altcoins will bounce back to previous prices

Initially, many of u have this believe that once bitcoin start to grow or starts its own bull run, altcoins will start increasing too, but we have seen that reverse is the case. Altcoins live independently, and they are responsible for their own market separately.

I usually don't like attaching any growth of altcoins to bitcoin, because they all came up with different use case, and since they have different use case, they should have their own separate factor that will always see to it that they continue to grow in price. Doesn’t be surprise that bitcoin will stabilize and altcoins will still not move because I still don’t see the correlation. We all know that for any coin to grow, there must be full adoption, and this is what altcoins need to fight for and not bitcoin dominance.

Herbert2020

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the only impact that this can have is that it can help some of the newcomers who started in 2017 and were misguided into thinking shitcoins they are holding have a future to stop bag holding and start seeing the only real cryptocurrency that exists and has a good future.
it is also a process that keeps on repeating every couple of years. first a ton of new shitcoins are created bloating the total market cap and fooling a lot of newbies then they start getting dumped and popping the total market cap bubble and all those newbies who lose money either go away or start only holding bitcoin.

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Bitcoin is growing but have bad effect for altcoin look still on lower price, waiting more than three months but altcoin keep down and never trying for raised to higher price.

dimastegar

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This Bitcoin dominance will continue. No matter the price of Altcoin goes up, Bitcoin will continue to dominate the Market. And from my point of view, the dominance of Bitcoin continues to increase as the price of BTC rises and traders move from their Altcoin to BTC.

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with bitcoin strong dominance we can see most of the altcoins are suffered major downtrend in the market once btc stabilizes at certain price then we can expect altcoins will bounce back to previous prices

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Bitcoin has always dominated the cryptocurrency market, it's dominance have reduced at times, but not to the extent of an altcoin going higher than it. The proliferation of altcoins in the past years provided a somewhat little competition for the bitcoin, but at this moment, they(altcoins)are more or less valueless in the cryptocurrency market, and this has further increased bitcoins dominance back to the position it was at the "beginning"

Altcoins have lost a large number of its investors to the bitcoin, as altcoin bear market seems to continue, though it improves every now and then based on the direction of bitcoin price.

Theb

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It doesn't imply anything at all, the only advantage I see that Bitcoin is still the market leader is its the one who influences the movement and not the one to be influence with. Most of the time when BTC moves majority of the cryptocurrencies will follow but if other coins moves first expect that Bitcoin won't be influenced in any way. And just in case you don't know Bitcoin's dominance is slowly decreasing day by day, with Altcoins being launch everyday and other cryptos showing that it's better compared to BTC a lot of investors are already exploring out of BTC.

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Quote from: Mrsparks on August 22, 2019, 06:22:27 PM

As at the time of this publication, btc dominance in the crypto market account for 68.4 percent,

This ratio means nothing but can be considered as a measure of the willingness of others to engage in the cryptocurrency market and the extent of considering BTC price as a safe price for profit.

The greater the dominance ratio the less the desire for altcoins and this means either BTC price is fair to make profits or that everyone tries to burn his shitcoins.

Overall, I expect the ratio to increase over the years as many altcoins will end over time.

crzy

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There’s a lot if impact whether its negative or not, it can affect any coins. The dominance of bitcoin is unstoppable and it will go for a lot more money. If there’s a big chance on any coin to beat bitcoin, that’s very an impossible thing. The dominance of bitcoin should bring the cryptomarket to the moon, so be positive.

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Quote from: Mrsparks on August 22, 2019, 06:22:27 PM

Bitcoin being the pioneer cryptocurrency has always had a big gulf between it and other cryptocurrencies in the market mostly in term of valuation. Although this is expected, the growing dominance BTC is having on the entire crypto market does not speak good for the crypto space...
As at the time of this publication, btc dominance in the crypto market account for 68.4 percent, with this being the highest since April 2017. The question is what does this growth in dominance imply?those it suggest an immiment pump? since the bull run started not long after such high dominance was recorded or those it imply further dump for altcoins and increase it btc valuation...
Please share your opinions.

Its strange that you say "growing" when you already know it made it first and its the altcoins that have been unable to grow as much. If by "crypto space" you mean the altcoins, yes, it does not speak well for them. None managed to catch the market enough to challenge bitcoin, it remains the king unchallenged.

There is going to be an uptrend tendency towards the halving, and that is long known. No need to be a genius or anything. And after the halved production of bitcoins the price is going to be affected, and some calming will undo any excessive "pump" made during that time, which might take it too low and correct back up again, always seeking its true price which should be going up slowly but steady against everyone else that has infinite supply.

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Bitcoin is always in the top of all cryptocurrency since it was the father of all cryptocurrency that ever existed today. What great impact could it bring is that it is quite useful in any kind of businesses. This is the work of Satoshi that will change the world and everyone else because of it's unstable value.

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Quote from: rmilly on August 26, 2019, 04:33:10 PM

I think anything that was the first of something will hold value. People are finally seeing the importance of crypto and we have Bitcoin to thank for that. there might be new coins that could dominate but BTC is vintage and one of a kind.

Bitcoin has keep dominating the market for how many years and even up to the present, bitcoin has proved that there is no other coin that would beat him and replace its position. With its continuous dominance in the market, people will finally see it and realized that bitcoin is not just good for purely investment but a good global currency too in the future.

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Isn't new for us to see BTC still on top and sustain its market dominance since before. It gives a huge influence not only in crypto space but it includes into the adaptability of the people towards crypto. Bitcoin name never grow look but keeps looking new to the community. Though people's appreciation and market interest makes changes but not by pulling it down, in fact, it keeps its name into great and getting known to everyone.

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I think anything that was the first of something will hold value. People are finally seeing the importance of crypto and we have Bitcoin to thank for that. there might be new coins that could dominate but BTC is vintage and one of a kind.

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I think the impact be measured by the fact that the bitcoins are the most used currencies and they are the one people exchange them against , when we talk about trading pairs , Bitcoin is the one we use the most against other cryptocurrencies.
I think this is something that needs to be noted.
Also whenever even the media decides to talk about cryptocurrencies they always take bitcoins into account.

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Quote from: pakhitheboss on August 23, 2019, 01:48:20 AM

My understanding of Bitcoin growing dominance in the market-

1.The higher the dominance the higher chance of a Bull run.
2.The higher the dominance the more Alts bleed.

This is what I have understood. Dominance also means investors/traders are more inclined towards Bitcoin. This can also become a Bull trap, as you never know what might happen next in the crypto universe.

The second point is more or less fair since if alts are losing market capitalization, it means they are losing investments, and that affects the price. However, I disagree with the first point. Nowadays the dominance is strong, and Bitcoin is bravely holding its $10k position. However, as the op mentioned, this is the strongest dominance since April of 2017, and that was not the best time for Bitcoin. It was worth slightly above $1k, and the biggest bull run was still ahead. And notice what happened to dominance during the bull run of Q4 2017. It had its ups and downs but eventually dropped to 35% on the first of January 2018.

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Btc dominance has overshadowed all other alts without a doubt, and from the look of things it seems this will continue for sometime, it seems as if the demand for btc keeps increasing as new investors put in money in the market, people trust their investment on btc than other alts hence the continue dominance.

lixer

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You are already seeing the result of the dominance now, the price of bitcoin is pumping gradually while the alts are dumping gradually also as bitcoin keeps dominating but that does not mean that the altcoins will be dead, fine bitcoin will dominate and almost bleed altcoins out of market, but before then, we would have already have bitcoin relax on its dominance and then go sideways.

The moment that bitcoin starts to go sideways is the moment that altcoins will gain their own dominance also, and you know how the dominance of altcoins too could be, it grows so high and sometimes do affect that of bitcoin, so there is a time for both of them, altcoins will regain their own dominance also before the end of the year, while bitcoin pause and continue with his as from next year.

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Quote from: Kakmakr on August 23, 2019, 12:42:16 AM

Now, people are spoiled for choice with over 4,000 altcoins (alternative variants of bitcoin, or other cryptocurrencies) that have been created since 2009. So you have 1000's of Alt coins having to compete for a limited amount of the total market share of investors that are willing to invest in Crypto currencies. Roll Eyes

You can't blame them since there were possibilities of becoming millionaires by investing in certain altcoins during certain insane pumps like the ones back in 2017. I personally know several people who earned a ton of money through the altcoin boom.

Quote from: Mrsparks on August 23, 2019, 01:10:06 AM

It has become highly volatile and dominant in the market...I wonder if this wouldnt have a negative impart on the crypto space

What are you talking about? If anything, BTC value has been far more stable these days and the volatility factor continues to drop which is a good sign for the future of crypto.

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My understanding of Bitcoin growing dominance in the market-

1.The higher the dominance the higher chance of a Bull run.
2.The higher the dominance the more Alts bleed.

This is what I have understood. Dominance also means investors/traders are more inclined towards Bitcoin. This can also become a Bull trap, as you never know what might happen next in the crypto universe.

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Quote from: Kakmakr on August 23, 2019, 12:42:16 AM

Well, a few years ago there were only a hand full of Alt coins out there and then there was Bitcoin. Wink

People were not spoiled for choice, when it came to Alt coins, so these Alt coins did very well back then. We think about coins like Dogecoin and LiteCoin and NameCoin etc..

Now, people are spoiled for choice with over 4,000 altcoins (alternative variants of bitcoin, or other cryptocurrencies) that have been created since 2009. So you have 1000's of Alt coins having to compete for a limited amount of the total market share of investors that are willing to invest in Crypto currencies. Roll Eyes

You are definitely spot on but lately all attention has switched back to btc. It has become highly volatile and dominant in the market...I wonder if this wouldnt have a negative impart on the crypto space

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Well, a few years ago there were only a hand full of Alt coins out there and then there was Bitcoin. Wink

People were not spoiled for choice, when it came to Alt coins, so these Alt coins did very well back then. We think about coins like Dogecoin and LiteCoin and NameCoin etc..

Now, people are spoiled for choice with over 4,000 altcoins (alternative variants of bitcoin, or other cryptocurrencies) that have been created since 2009. So you have 1000's of Alt coins having to compete for a limited amount of the total market share of investors that are willing to invest in Crypto currencies. Roll Eyes

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Quote from: Mrsparks on August 22, 2019, 06:22:27 PM

As at the time of this publication, btc dominance in the crypto market account for 68.4 percent, with this being the highest since April 2017. The question is what does this growth in dominance imply?those it suggest an immiment pump? since the bull run started not long after such high dominance was recorded or those it imply further dump for altcoins and increase it btc valuation...
Please share your opinions.

I don't see any bitcoin pump, it's not the market recovered, as compare to altcoins who are still in crypto winter. Perhaps there are a lot of newbie investors who put their money on bitcoin this year and they've understand that altcoins is just for for pump-and-dump scheme. And that so called x10-x50 returns will not happen this year. ICO business model is already dead at this point, investors are just maturing and would rather invest their money in a safe coin like bitcoin.

pooya87

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bitcoin dominance is not growing. it has always been high and above 95%
what is growing is the ratio that bitcoin's market cap has compared to the sum of 3000+ altcoins and tokens market capitalization. and there simply are two reasons for it: death of about 1000 of those altcoins and hard dump of the rest.

the only impact this has is that it wakes up a lot of newbies who thought just because an altcoin has a huge market capitalization it must be a good investment. but the 90% loss over a year is making them face the reality now.

maxreish

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Whenever there is a bitcoin dominance increase, it will perform bull run but expect some altcoins as a whole lose btc value. And vice versa. These implicates that the dominance in the crypto market can be uptrend or downtrend. To make it in a simplier view. Bitcoin dominance is a metric for investors to get a quick sign on how to get Bitcoin's value. It may benefit the investors as well.

Mrsparks

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Bitcoin being the pioneer cryptocurrency has always had a big gulf between it and other cryptocurrencies in the market mostly in term of valuation. Although this is expected, the growing dominance BTC is having on the entire crypto market does not speak good for the crypto space...
As at the time of this publication, btc dominance in the crypto market account for 68.4 percent, with this being the highest since April 2017. The question is what does this growth in dominance imply?those it suggest an immiment pump? since the bull run started not long after such high dominance was recorded or those it imply further dump for altcoins and increase it btc valuation...
Please share your opinions.

Topic: Impact of Bitcoin growing Dominance on the Crypto space (Read 458 times)