Bitcoin dominance is breaking out and at its highest point in 2 years, as alts are breaking down – what is going on?!
1 min read
Bitcoin Dominance has been at the highs, approaching 50%. We just broke out of a range that we have been in since April 2021.
This is because alts are getting absolutely massacred. In the last 24 hours:
BNB -9% ADA -25% Matic -27% DOT -14% Sol -25% Link -15% Atom -18% Algo -19%
A lot of these alts are hitting multi year lows. Algorand has even hit an all time low.
This absolutely insane. Meanwhile:
Bitcoin -2% Ethereum -2%
There’s a TON of liquidations:
What on earth is going on? This is an absolute massacre of my portfolio.
Take a break from the screen if you need, please.
submitted by /u/Beyonderr
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