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Bitcoin dominance heads to 60% - are altcoins getting squeezed out? Crypto Daily 18 Sep 2024

Bitcoin dominance heads to 60% - are altcoins getting squeezed out? 📈

With Bitcoin dominance exceeding 58%, questions arise about the future of altcoins in the current bull market. Very few altcoins have managed to secure a significant presence, causing concerns about whether they will be squeezed out as Bitcoin continues to lead.

The trend shows a clear preference for Bitcoin, overshadowing smaller cryptocurrencies. This development raises further speculations on the potential impacts on the broader cryptocurrency market.

Source: cryptodaily.co.uk ↗

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