This is a short post since I have had problems lately in publishing on the Leofinance network, my post gives an error and Hive appears but not in Leofinance. After 20 hours, it appears in Leofinance, leaving it without the possibility of viewing it on the Leofinance network. I will put the error that appears in the comments, if you know how I can report it so that they can solve it, I thank you.
Many analysts said that if the dominance of Bitcoin went down, the Alcoins would go up and that is not always the case.
As we see in the graph, the dominance has dropped, the price of bitcoin has dropped and some Alcoins have dropped more than Bitcoin during these last days
Today some Alcoins are going up for a bullish rebound, but what I am talking about is what has been seen these days with the prices of Bitcoin and Alcoins
What causes this is the withdrawal of capital from the crypto market, more money is withdrawn from bitcoin than from Alcoins, some of which are already on the floor and this causes dominance to drop.
Cryptocurrency Capitalization Chart
In the graph of the Capitalization we see that the withdrawal of money from Bitcon was greater than that of the Alcoins and that caused the dominance to drop
So the next time you hear that Alcoins are going to rally because dominance has a resistance think that there is also another possibility