April 17, 2021

Bitcoin dominance index plummets

Bitcoin dominance index plummets

While Bitcoin is trying to break the psychological $ 60,000 mark, the altcoin market does not stop grow rapidly.

BTC's market share has plummeted to 59.4%, the lowest since October last year, according to CoinMarketCap.

Bitcoin dominance index plummets

Amid weak growth in BTC, leading altcoinscontinue to rise in price. The ETH hit the $ 1830 level, trying to break the upper boundary resistance around $ 1860. Binance Coin (BNB) hit $ 290. Theta made it to the top 10 cryptocurrencies, peaking at around $ 14. The total capitalization of the altcoin market is already $ 811 billion.

According to many experts, the market is on the verge ofAltcoin season. Trader and analyst at the Amsterdam Stock Exchange Michael van de Popp predicts new highs for many alts by this summer. In his opinion, the ETH could grow to $ 5,000 or even $ 10,000. The main driver of growth could be Visa's decision to use the ETH blockchain for settlement transactions with the USDC stablecoin.

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