Tags: Bitcoin dominance

As Bitcoin’s dominance continues to increase, Rekt Capital says it increases the chances of a strong altseason occurring.

With Bitcoin’s dominance sustained by institutional and ETF flows, altcoins will have to rely on exchanges for the next altseason or find new strategies to attract capital.

Rising crypto prices are expected to enable companies to stay afloat and build their businesses; however, this does not appear to be the case.

Stablecoins and altcoins are facing steep declines in their dominance, while Bitcoin strengthened its market position.

Altcoins are getting hammered at the moment, with many of them falling to bear market lows, and there are a couple of reasons behind this drop. 

After its eye-watering rally over the past week or so, Bitcoin has come to rest just below $42,000 giving analysts a chance to predict its next moves. 

The bitcoin dominance rate has climbed amid increasing turbulence in crypto markets, and more lately as the price of bitcoin also reached a nine-month high.