For those of you that think that Bitcoin is going down this article proves that it's still the strongest in the cryptocurrency world. Not since December 2017 has Bitcoin been such a dominant part of cryptocurrency.
Full article here:
https://bitcoinist.com/cryptocurrency-market-54-bitcoin/54% bitcoin dominance to other cryptocurrency can still be called huge. Even though it drops significantly we still cant deny the fact that 54% is still a large number for cryptocurrency, and i think that bitcoin dominance will not go below 50% that is for sure especially eth right now is decline to the point it is hard for it to reach 300usd.
-snip-
Bitcoin is now replacing weak altcoins and many investors are transferring their assets to bitcoin.
-/-
Nah, technically if the bitcoin dominance is getting low it means many people transferred in Alts, also it means that bitcoin's price is getting low while the others is getting high. If the price of bitcoin will pump then bitcoin dominance will also increase, and vice versa.