BTC went up - alts went down, BTC went down - alts went down, this was the case before December, when cryptocurreny market pumped last time.
But according to coinmarketcap BTC dominance in crypto market is 34%, though it was more than 60-70% on September, doesn't it mean that people started paying more attention ta altcoins and so alts eventually becoming more "independent"?
I don't think it will happen this year or even next, but don't you think that some top altcoins may bypass bitcoin in the near future?
Not possible mate. Even if the dominance of BTC had decreased, you can still see clearly that the price movement of all the alts is too dependent on BTC.
How can be so sure? Not all altcoins prices are correlated or dependent on bitcoin since some of them do have different market which means they can really stand on their own. If we do try to look on here
btc dominance decreased so much specially it dropped almost 30% on a short span of time but well seeing on the community that supports bitcoin we can assume it will eventually come up soon.