I have been observing the market and I see that BTC dominance is breaking.
Despite the price of BTC is dropping, and I can see that altcoins like solana is holding quite well and just dropped a little.
Could this be the start of altcoin season? Maybe BTC dominance over the market will continue to drop.
What do you think?
You may be mistaken. You do not simply look at the price of a coin and if it doesn’t drop as much as bitcoin’s then it means it’s more dominant lol.
Bitcoin dominance is calculated by dividing Bitcoin's current market capitalization by the global crypto market cap. You can see bitcoin’s dominance at 61.7% easily in coingecko’s platform. That is far from what you would call a dropping dominance.