Cryptocurrency Q&A
What happens if BTC dominance goes up?
What happens if BTC dominance goes up?
emma_anderson_scientist
Fri Nov 29 2024
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6 answers
1567
I'm wondering about the potential impacts if the dominance of Bitcoin, often referred to as BTC, increases in the cryptocurrency market.
6 answers
CryptoNinja
Sun Dec 01 2024
An increase in Bitcoin Dominance often serves as a signal that the overall market is adopting a more defensive and cautious stance.
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StormGalaxy
Sun Dec 01 2024
Investors tend to become more risk-averse during such times, favoring safer options over potentially volatile ones.
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CryptoTitan
Sun Dec 01 2024
Consequently, Bitcoin, which is often perceived as a safer bet in the crypto space, experiences relative stability or even upward momentum.
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Caterina
Sat Nov 30 2024
In contrast, altcoins, which are generally more speculative and volatile, face selling pressure.
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Isabella
Sat Nov 30 2024
This shift in investor sentiment can lead to a noticeable divergence in the performance of Bitcoin and altcoins.
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