Although Bitcoin's rebound above $30,000 excites many crypto lovers, altcoin investors continue to wait for the money to flow into altcoins.
The increase in BTC dominance during the rise in Bitcoin shows that the turn of altcoins has not yet come.
BTC Domination Rising
BTC dominance in the market broke above the 48% level for the first time since June 2022, breaking an important resistance level. While the rise in BTC dominance signals that the rises in altcoins will be limited for a while, the levels of 53% and 58% can be followed by the dominance.
In the period when Bitcoin completes its rally and moves horizontally, we can witness the long-awaited sharp rises in altcoins.
The best scenario for altcoins will be the scenario where the BTC price is flat and the BTC dominance decreases in the process. Until we see a reversal signal on the dominance side, putting the weight on Bitcoin would be a safer choice.
Which Altcoins Divided Positively
When we look at the last 24-hour changes in altcoins, we see that some altcoins are positively differentiated from others.
Accordingly, among the top 100 altcoins, the ones that rose the most in the last 24 hours are as follows:
Among the top 500 altcoins, the changes in the last 24 hours are as follows: