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Altcoins Have Had a Terrible 2019, And it Might Get Worse From Here
Altcoins haven’t been doing all too well. As established by this outlet on a number of occasions, Bitcoin dominance, the statistic used to measure how much of the crypto market’s valuation is comprised of BTC, has recently hit a two-year high, reaching 68.8% on CoinMarketCap. What’s weird, of course, is that at the peak of 2018’s mania, Bitcoin dominance sat at a mere 32%, showing how times have changed from then to now. A lot of this underperformance started when Bitcoin began to rally in early-2019. You see, early-stage BTC rallies give altcoins little room to breathe, as large market moves force traders to ... (full story)