Altcoin Season on the Horizon? Bitcoin Dominance Hits Reversal Point
Despite the drawdown in the price of Bitcoin – which some analysts say would result in a change of tides for altcoins – BTC dominance continues to tick higher. As of the time of writing this, the key market metric is approaching 70% for the first time in years, implying that once again, almost all cryptocurrency inflows are making their way into Bitcoin.