As Bitcoin continues to set new 2019 high after high, altcoins across the crypto market continue to bleed out, with many setting new lows relative to their BTC pairings.
With sentiment surrounding altcoins reaching extreme lows, these price levels could present lucrative buying opportunities if Bitcoin can stabilize above $6,000. If the leading crypto by market cap cannot, however, the bearish bloodbath may continue.
Altcoins Market At Dangerous Levels as BTC Dominance Spikes
- BTC dominance has risen steadily ever since the break of resistance at $4,200,
- which caused what some day is healthy decoupling between the first ever cryptocurrency and alts,
- that is considered necessary before a true Bitcoin bull run can begin.