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?
Surely it is. The crypto prices at the time are manipulated for profit. Almost all of the markets have some form of manipulation and bitcoin is the synonym for cryptocurrency for most of institutional and traditional investors. They are the whales and they move the markets. The price change of altcoins is largely due to already placed buy and sell orders rather than intentional buy and sell.