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Re: lakers17 post# 1784

Thursday, 05/05/2022 4:02:01 PM

Thursday, May 05, 2022 4:02:01 PM

Post# of 8046
Lots of coins are tied to BTC via centralized exchanges as many coins/tokens are paired with BTC, typically the reasoning for all of them following. There's the aspect of BTC being the granddaddy of crypto, almost serves as an index of all crypto as most of the crypto market cap is made up of BTC.

Those days will slowly dwindle as BTC loses dominance in the crypto market. BTC Dominance is down to 41.8% and has not been recovering. It hit a low of 37.8% dominance back in 2018. In due time this will be down to 10% and the rest of the crypto market will break away from any BTC trend!
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