Economist Henrik Zeberg highlights a sudden rise in altcoins within the cryptocurrency market while macroeconomic conditions worsen. In a statement on social media platform X, he noted that altcoins are beginning to outpace Bitcoin 
$97,147.
Understanding the BTC ($85,642.00) Dominance Index
Zeberg explains that the BTC Dominance Index (BTC.D) indicates the proportion of Bitcoin in the total market capitalization. At the time of writing, BTC.D stands at 57.65%, measuring Bitcoin’s dominance over all crypto assets.
Using Elliott Wave Theory, Zeberg expresses an expectation of a significant surge in altcoins. According to this theory, an asset can experience a five-wave upward trend, with the third wave being the longest and most powerful movement.
24h Most Popular
Utilities