Bitcoin Struggles as Altcoin Hopes Rise: What’s Next for the Market?

Coin-Turk 10 months ago 217

Bitcoin (BTC ($99,573.00)) $97,825 price fell to $97,400 at the time of writing, halting attempts to reach $98,700. The decline in altcoin prices is not encouraging. What direction should we expect for altcoins? How much will APT ($2.96) Coin be worth? Let’s delve into various market analyses today.

Altcoin Surge Relies on Bitcoin’s Dominance

Altcoin bulls are seeing price increases, while Bitcoin’s market dominance ratio is falling. This indicator, referred to as BTC.D, tracks the leading cryptocurrency‘s share against other assets. Traders eagerly watch this graph for signs of altcoin strength. A crypto analyst known as Nuevo offered insights on BTC.D, stating:

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