Despite the general recovery in market activity, the majority of cryptocurrency investors still have “digital gold” in their portfolios.
This, in particular, is evidenced by the current Bitcoin dominance index , which almost reached the values of September 2018:
Data: CoinMarketCap
It is also worth noting that the capitalization of BTC exceeded $ 100 billion , corresponding to November last year.
In the screenshot below it can be seen that during the last days Bitcoin has grown faster than most of the top 20 cryptocurrencies of the popular rating :
In the last 24 hours, BTC has outstripped Litecoin, EOS, Binance Coin, Cosmos and Tezos. Currently, the first cryptocurrency is being traded around $ 5,750 on the Bitstamp exchange, and the growth, apparently, is not going to weaken yet:
Hourly BTC / USD exchange Bitstamp from TradingView
However, some analysts believe that soon things can change – the recovery of altcoins will accelerate, reducing the degree of dominance of "digital gold". For example, Dude discovered a bearish divergence on the corresponding chart, signaling the imminent onset of the “Alt season”:
BTC dominance chart showing bearish divergence. Soon alts should get their own party. Alts season incoming? $ ALTS $ BTC #DOMINANCE pic.twitter.com/lO4zWkB8BS
– Dude ?? (@Dudesignals) 3 May 2019 p.
In general, many agree that the bull market has already arrived and it’s time to get ready for the native man.
Okay Lets go. pic.twitter.com/lbR41HdI1B
– BTC John ?? (@JohnInvesting) 3 months 2019 р.
Earlier, BlockchainJournal reported a significant increase in bitcoin price volatility .
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