Assalamu Alaikum

How are you all? I hope everyone is doing well, today Bitcoin has created a new history, Bitcoin has created its best price ever Bitcoin has finally crossed $100,000, although it was not so easy at first, because we all know that Bitcoin has faced many obstacles before reaching this position today, after overcoming various obstacles, Bitcoin has finally crossed $104K+ today, And the market cap is crossing $2T, So we all noticed one thing that Bitcoin has pumped so much but Altcoins are not pumping that much, And we almost always notice this when Bitcoin pumps so much, we all think that maybe this time Altcoin can pump so much but the thinking is reversed, so today we will know why Altcoin does not want to pump when Bitcoin pumps so much, And the main reason behind this is the increase in Bitcoin dominance, And today right now Bitcoin is dominating alone 55.5% and Ethereum dominance is going on 12.6% remaining ALTCOIN dominance 31.9%,

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Image collect Pixabay

Many people have no idea about dominance, today I will give you a little more idea about Bitcoin dominance,
We all know that when Bitcoin pumps hugely, maybe someone new in the market is buying Bitcoin from the market,
Suppose $100 has come into the market, now 55.5% of Bitcoin has been bought with that $100, the remaining 12.6% has been bought with Ethereum, and the remaining 31.9% ALT coins were bought with, which means that more than half of the amount of Bitcoin was bought, due to which the rest of the ALT coins did not pump much,
Also, another thing to note is that when Bitcoin starts pumping a huge amount, big ALT coin investors sell their altcoins and invest in Bitcoin again, due to which alt coins cannot pump much at that time, so if you want to see the ALT coin pump, you must stand in a good position for Bitcoin, because in this, Bitcoin dominance gradually decreases, then ALT coin dominance starts to increase,

Image collect Pixabay

Because at that time, big investors pay attention to AltCoin along with Bitcoin,
I hope everyone understands why when Bitcoin is pumped, the rest of the coins do not pump much, everyone be well, I am ending here today, Allah-Hafez,