{"id":389841,"date":"2019-07-15T14:44:58","date_gmt":"2019-07-15T14:44:58","guid":{"rendered":"https:\/\/uniquehot.com\/?p=389841"},"modified":"2020-10-07T11:27:10","modified_gmt":"2020-10-07T11:27:10","slug":"bitcoin-dominance-continues-to-rise-dashing-hopes-of-an-altseason","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-dominance-continues-to-rise-dashing-hopes-of-an-altseason\/","title":{"rendered":"Bitcoin Dominance Continues To Rise, Dashing Hopes Of An Altseason"},"content":{"rendered":"

As the price massacre<\/a> continues from the weekend, altcoin holders face further anguish by way of rising Bitcoin dominance. As things stand, Bitcoin dominance is at 66%, a level not seen since April 2017.<\/p>\n

Several analysts see this trend continuing, with predictions of dominance rising<\/a> to the 70%-80% mark. The implications of which would put paid to a much-needed altseason. Nonetheless, despite the slide in prices, Bitcoin maximalists can find a crumb of comfort in this.<\/p>\n

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Market cap percentage split showing Bitcoin dominance at 66% \u2014 courtesy of CoinMarketCap.<\/figcaption><\/figure>\n

Bitcoin Dominance Continues To Rise<\/h3>\n

Bitcoin is currently priced at around $10,300<\/a>, but has been on a downward course for the past week or so. This follows the failure to breach strong resistance at $13,800, during the parabolic run-up late last month.<\/p>\n

While this still represents a 170% increase since the start of the year, the hopes of an overspill into the alts remain somewhat subdued. Indeed, with Bitcoin dominance on an upward trend since January 2018, when it was at 35%, the cries for an altseason become ever more despondent.<\/p>\n

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So many people promised me altseason soon, while there hasn\u2019t been any sign yet.
Time to clean the following list
Shorting unexperienced hype farmers
$BTC<\/a> $ETH<\/a><\/p>\n

— Bullish Kid (@Bull1shkid) July 15, 2019<\/a><\/p><\/blockquote>\n