Altcoins are rocketing, Bitcoin dominance hasn’t ‘even sneezed’: Analyst

5h ago•

bullish:

bearish:

Crypto analyst Matthew Hyland suggests altcoins will be “ripping” much more when Bitcoin Dominance drops to 45%.

A crypto analyst suggests altcoins may have plenty more upside, as many are already surging without pulling much market share from Bitcoin.

“BTC dominance hasn’t even sneezed and Alts are ripping,” crypto analyst Matthew Hyland said in an X post on Friday.

TradingView shows Bitcoin (BTC) Dominance is 64.46% at the time of publication, down just 1.53% over the past week, while altcoins saw significant price spikes amid Bitcoin reaching new all-time highs on Wednesday, Thursday, and reaching $118,760 on Friday.

5h ago•

Cointelegraph

bullish:

bearish: