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Benzinga
Benzinga
Business
Murtuza J Merchant

Bitcoin Dominance Tops 65% But 'Altcoin Season' Is Close, Trader Says

Bitcoin altcoin Crypto
Bitcoin

A well-known crypto analyst suggests that a major shift in Bitcoin's (CRYPTO: BTC) market dominance could soon pave the way for a significant rally in altcoins.

Crypto trader Rekt Capital told his 549,600 followers on social media platform X that Bitcoin dominance, a metric tracking Bitcoin's share of the total cryptocurrency market, is approaching historically high levels that could signal a coming reversal.

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