Bitcoin Dominance Grows as Altcoin Market Faces Slowdown Amid Declining Buying Power 📉
The altcoin market, which demonstrated significant growth in early May, has now reached a plateau. This stagnation indicates a fundamental shift in investor dynamics within the broader cryptocurrency ecosystem.
Concurrently, Bitcoin Dominance (BTC.D) has been on the rise, highlighting a noteworthy transition in market preferences towards Bitcoin over alternative cryptocurrencies.
This shift may be attributable to factors such as declining buying power for altcoins or an increased perception of Bitcoin as a more stable investment during uncertain times.
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