Bitcoin Dominance at highest level since December of 2017
Bitcoin dominance is scaling 45% and at the highest level in over 7 months.
What is this telling us?
1. It's telling us that people are cycling out of altcoins and into bitcoin.
2. They are likely doing this because they think bitcoin has more upside potential in the very near term.
3. A bitcoin ETF is possibly close.
Hopefully this rotation doesn't get too bloody.
In the past, bitcoin often ran first, pulled money from everywhere, then when it peaked, money flowed out into altcoins and they had their time in the sun.
If that pattern were to repeat, it could be some time before we see an altcoin rally.
yes!! and maybe if ETF aprove bitcoin then this year also much high in crypto if they no approve then need much wait for bitcoin to high price
@jondoe, you are interesting to read!