Bitcoin Dominance Grinding Higher

It really is kind of amazing how everyone (including myself) is somehow waiting for an alt coin bull market. You know, where alts pump and bitcoin doesn't keep up.

It has happened every cycle, but this cycle is a misnomer. Many things are starting to be a little different this time around.

Bitcoin dominance sure isn't showing any signs of alts outpacing it.

See chart below...

After getting a summer alt rally bitcoin dominance fell off from the high range, but still remained rather high on a whole. Since the fall dominance founds its footing and has slowly been grinding higher currently sitting at 60%

Its really wild if you think about the number of bigger name alts coins that didn't even exist a few years ago that are now in the mix.

Bitcoin has in many ways gotten stronger. It being the first for institutional adoption is probably one of the reasons. Still interesting either way though.

Posted Using INLEO