Crypto Strategist Predicts Market Meltdown for Altcoins as Bitcoin Dominance Nears 60%
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Altcoins are at risk of a market slump as Bitcoin's dominance nears 60%, a crypto strategist warns. Current market charts show similarities to the 2019 crypto market cycle, which could be an indication of an impending major correction.
The analyst highlights the increasing dominance of Bitcoin as a critical factor in the potential downturn for altcoins. Traders and investors might need to brace for a significant market shift if these trends persist.
This prediction comes at a time when the crypto market is highly volatile, and any significant movement in Bitcoin's dominance can lead to sharp reactions in the market.
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