BTC market capitalisation is currently at ~45%
I guess it's about the market dominance and it's not about market capitalization. both were different thing.
Historically BTC market capitalisation has reached up to ~60% in bear markets
What does this means for ALTS?
So altcoin needs to follow bitcoin in next monts.
Relative to BTC altcoins will be loosing value, the market capitalisation of BTC has only increased 5%, imagine another 15%?
It's still mean nothing. Altcoin will be dumped even deeper but it will come back later
Please note that market capitalisation of BTC always increases in a bear market after drastic moves - it's now clear we are in a bearish trend and capitalisation has broken out (check trading view charts) so stay diligent.
Yeah nothing new in the crypto but once bitcoin was reaching the floor and then altcoin will be trying to follow that. Altcoins will try to take its dominance when bitcoin is doing side way or bump again.