BITCOIN DOMINANCE CLIMBING

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It has been a magical start since the start of the week. Today is the day that we officially get the CPI numbers for the US and this will move the market. We know if the number comes out hotter than expected, that is going to be negative and the market will likely see some sort of repercussions from that and if they come out positive, the market will likely fly. The cryptocurrency market has already been flying and it is great when a plan comes together. You should know that Bitcoin's dominance is climbing if you look at how money goes into the cryptocurrency market. It usually goes to Bitcoin first. The reason is because big investors don't want to put large sums of money into small risky Altcoins that can dump 50%. Larger money is entering the market here and we know why markets are doing as well as they are.

We have from February, onwards a repairing of markets. So it implied a higher rate which means the market sold off. Then we have the SFVB bank and several other banks all come under fire and the FEDs came out that they will back this no matter what. The consensus is 6, some coming in at 6.1 but it is looking like a 6. I do think 6 or under will see markets do very well. This is all on the backdrop of the FED can't be much more aggressive than they are. Dominance has been absolutely shooting up and this is symptomatic. When big players put money back into the markets, they don't go for altcoins, they go for Bitcoin because it is a lot more liquid.


Bitcoin dominance typically climbs during the bear market. I think Bitcoin dominance continues to roll over time as Bitcoin becomes less dormant as smart contract blockchains continue to gain use cases. By 2019, Bitcoin dominance was on the run and this led to the bull market. You are about to have the same thing play out. I will like to continue to see Bitcoin dominance continue to rise, this would be very good. There are numbers of things that suggest Bitcoin's dominance will continue to rise.

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I hope for an altcoins season

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