Bitcoin’s Market Dominance Continues Amid Altcoin Underperformance
- Bitcoin is trading above $104,000, having retraced from its all-time high over $111,000.
- Ethereum and other altcoins remain below their historical peaks from several years ago.
- Analysts note a divergence in market performance between Bitcoin and altcoins.
- Historically, Bitcoin’s dominance declines towards the end of each cycle, potentially benefiting altcoins.
- Over 75% of Tether (USDT) deposits to Binance since November are from large wallets known as whales.
This data highlights Bitcoin’s current market strength compared to altcoins, with significant whale activity on Binance indicating potential future shifts in the crypto market.
Source (2.6)https://www.newsbtc.com/bitcoin-news/analyst-suggests-altcoin-recovery-may-follow-bitcoins-final-cycle-stage-heres-why/?rand=52377
