Altcoins Set to Underperform? Bitcoin Dominance Prints Reversal Signal
While Bitcoin has performed well in recent weeks, some altcoins have done even better. Take the example of Chainlink (LINK), which has almost doubled in the past month. With many altcoins outpacing BTC, the Bitcoin dominance metric has plunged. Bitcoin dominance is the percentage of the crypto market made up of BTC. Despite the drop, an indicator predicts a bearish reversal for altcoins. Bitcoin continuing to undergo volatility could further suppress the bullish altcoin narrative. Analysts are currently expecting more BTC volatility in the days ahead, citing indicators like the