{"id":506160,"date":"2022-10-13T17:18:12","date_gmt":"2022-10-13T17:18:12","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=506160"},"modified":"2024-06-11T12:53:29","modified_gmt":"2024-06-11T12:53:29","slug":"bitcoin-dominance-rises-as-market-turns-red-what-does-this-mean-for-altcoins","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/news\/bitcoin-dominance-rises-as-market-turns-red-what-does-this-mean-for-altcoins\/","title":{"rendered":"Bitcoin Dominance Rises As Market Turns Red, What Does This Mean For Altcoins?"},"content":{"rendered":"
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BTC.D rises in price as altcoins suffer a bloody day in crypto.\u00a0<\/span><\/strong><\/li>\n
BTC.D attempts to break out above 8, and 20-day Exponential Moving Averages as altcoins struggle to hold their key support.\u00a0<\/span><\/strong><\/li>\n<\/ul>\n
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The price of BTC.D eyes a rally to 48% as this could mean more pain for altcoins.\u00a0<\/span><\/strong><\/li>\n<\/ul>\n
Many altcoins have experienced a relief bounce across the market as Bitcoin Dominance (BTC.D) remains below the 40% marked area allowing altcoins to rally when the market recovers. With Bitcoin Dominance (BTC.D) rising from the ashes, we could see the price of altcoins suffering more pain than expected if the price rallies to 50%.<\/span><\/p>\n
Bitcoin Dominance is the percentage of total cryptocurrency value that is made up of Bitcoin. Its basic premise is that as BTC’s dominance increases, the value of altcoins decreases.<\/strong><\/p>\n