Bitcoin dominance is above 65% which is something unusual since Altcoins started getting more interest from investors. It also seems that this percentage is increasing steadily for quite some time now. This is not surprising since Bitcoin was the most profitable coin in 2019 and people don't take the risk investing in altcoins anymore,they realized that Bitcoin is less risky as the price almost always eventually recover afterwards when it comes to BTC.
So what to do you think? Are altcoin getting boycotted,giving Bitcoin an increasing dominance from now on?
I think investors are just playing the safe game of getting into Bitcoin rather than Altcoins because of the certain recent issues concerning the reliability and legibility of the projects that create those Altcoins. Ever since Bitcoin is the most trusted cryptocurrency compared to Altcoins that is why it is not surprising as of the moment if Bitcoin is suddenly regaining its dominance in the cryptocurrency market. It is just that investors are seeing bright future on putting their money into Bitcoin that makes Altcoin to be somehow set aside. But still despite of Bitcoin's domination, there are still Altcoins that are making their way, improving their prices like Ethereum although its price is far beyond Bitcoin, at least it is still widely used and being purchased by many investors in terms of Altcoins section. There will come a time that Altcoins season will be equally valuable to people like Bitcoin which can be expected to happen once the market have already recovered if the Bitcoin's price will rise up that will surely boost the prices of the Altcoins that depends into it. It is just a give and take situation and scenario in between Bitcoin and Altcoins in the market.