Quote from: Sketchytum on February 07, 2025, 11:05:27 AM

Meanwhile, Bitcoin’s growing dominance is putting pressure on altcoins, causing their total market value to drop from $1.46 trillion to $1 trillion. Investor sentiment has taken a hit, particularly with new regulatory proposals from the Trump administration adding to market uncertainty.

This cautious approach from investors is fueling additional selling pressure, and with Bitcoin’s technical indicators showing signs of weakness, analysts are warning of potential further declines in the near term.

Bitcoin isn't putting pressure on altcoins, I think it's the other way round altcoins trying to make altcoins do what Bitcoin is doing and it's not going to work and I have many reasons whey it's not possible atleast for now. Bitcoin is remain the only coin that people buy in every bull cycle especially before and after the bull run, the altcoin demands are just second wave profits for people that don't want to lose out, Bitcoin is always demanded by everyone unlike altcoins.

Altcoins most often have a peculiar trend which is for a short period of time and after that period, they move into the next one but Bitcoin is global, Bitcoin is for everyone and Bitcoin is the reason why we are here in the first place. Let's make Ethereum as example, one of the reason why ethereum grew up in the last bull run was the many believe people had about ETH.2.0, everyone thinks that will make ethereum fee to be final lowr but it turn out to be technical than they think. Now, there is no new trend to push for the community and investors.