Please can one tell me what is going on with Altcoins?
Bitcoin pumps like mad - doing really well (latest pump) while Altcoins not only NOT pumping harder, but on contrary their price goes down…? I mean - WHY??
Example: TAO, Jupiter, NEAR…
Bitcoin dominance increased which means those altcoin holders is dumping their shit tokens to purchased Bitcoin. The only time altcoin will pump along with Bitcoin is when the Bitcoin dominance is decreasing which means fresh money flowing to the crypto market.
In time like this which Bitcoin price is dancing near the peak fresh money is rare to enter since there’s no demand to buy more except for those shit tokens holders that already have profit on the previous bull run.
You should avoid buying shitcoins when Bitcoin price is near the peak.