Bitcoin Dominance Rises As People Exit Altcoin Positions To chase Bitcoin?

in bitcoin •  7 years ago 

Typically as things in the cryptocurrency market stagnate, people exit altcoin positions to chase Bitcoin on its surge. Once Bitcoin tops out then, the new money typically pours over into the altcoins. Is this guaranteed to happen? No. Based on historical references, this stuff does happen.

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Adoption should be the main factor for future rebounds and Bitcoin is the main asset that will determine the trend.  This is become it is the asset that has captured the attention of mainstream media.  Although the attention has been reduced due to the crash, Bitcoin continues to be high on the watching list of many institutions waiting to add positions in order to participate on emerging technology and asset classes.  The increase of crypto asset hedge funds has increased exponentially as the market grew in 2017, so money remains available to push the market forward.  With Bitcoin futures also launching, we can see that Bitcoin dominance will be a measure of the interest to the asset class.