Quote from: Bttzed03 on Today at 09:09:55 AM

Quote from: willywilly on Today at 08:19:33 AM

Bitcoin price is constantly reaching high but Bitcoin Dominance is dropping.

I guess there are more and more fiats that are converted into cryptocurrencies but most of it are flowing into altcoins.

Quote from: willywilly on Today at 08:19:33 AM

~ Does this indicate that more and more people are interested in altcoins rather than only investing in Bitcoin?

Risk takers are chasing x5's and x10's altcoins from different blockchains like Ethereum, Binance Smart Chain and Polkadot. You can take a look at how the TVL's (Total Value Lock) in each chain have grown over the past months. You can also add how many people are buying NFTs into the mix.

Most of the altcoins is still dumping despite of the decreasing value of Bitcoin Dominance same as Bitcoin value as well. I believe most of the traders is converting to stablecoin rather than altcoins since there is no clear sign for Altcoin season. Altcoin season is when the majority of the coin is pumping though.

Just my speculation on where the funds flowing right now.