Bitcoin price retesting $68,500 could mark conclusion of pullback period as BTC halving narrows to under three weeks. Ethereum price risks an extended fall as BTC remains in mucky waters. Ripple price could drop to $0.5783 before XRP becomes attractive for buyers again. Bitcoin price is coiling up for a definitive directional bias as market eyes remain peeled for BTC halving.
A high BTC dominance typically happens before and during a bull run, in which investors resort to investing in relatively stable and high market capitalization cryptocurrency like Bitcoin. A drop in BTC dominance usually means that investors are moving their capital and/or profits to altcoins in a quest for higher returns, which usually triggers an explosion of altcoin rallies.
Source: News Formal (newsformal.com)
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