Sometimes you may have noticed that the price of Bitcoin is going up but there is no movement in altcoins. Sometimes when Bitcoin increases altcoins even start falling.
There is a big reason for this and understanding it is very important. If you understand these things you can survive in the crypto market.
There are two main reasons. BTC dominance and cash flow. Sometimes the cash flow stays in BTC meaning most of the investment is going into Bitcoin.
Similarly when dominance keeps rising it means investors are more interested in Bitcoin and they dont want to invest in altcoins yet.
Because of this Bitcoin’s price keeps rising while altcoins stay stable or go even lower.
In this situation dominance helps a lot. So keep an eye on it so you dont miss a good movement.
I hope you find this post useful and informative. If you do, please remember to reblog it so that it reaches as many people as possible and that they can benefit the most from it. Also, remember to upvote, which will help me financially and grow my account.
IMAGE TAKEN FROM PEAKDAI
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