Bitcoin Dominance and Its Impact on Altcoin Growth: Current Market Analysis

Bitcoin Dominance has surged, leading to speculation about an upcoming altcoin season. Experts are divided on market behaviour, with some anticipating a pullback allowing altcoins to rise. However, many believe that current trends may disallow investor rotation from Bitcoin to altcoins, limiting their growth.

The increasing Bitcoin Dominance (BTC.D), currently at 64.5%, has raised concerns about the potential for an altcoin season. Analysts are divided on whether a correction is imminent that may benefit altcoins. Notably, market expert Scott Melker suggests a shift in behaviour, indicating Bitcoin holders will likely retain their investments instead of reallocating to altcoins.