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Bitcoin dominance cycle suggests the 2017 crypto rally could repeat By Cointelegraph

Bitcoin dominance cycle suggests the 2017 crypto rally could repeat

For the functions of historic comparability, it’s additionally price noting that the sample of the dominance chart at present appears to be like very like it did throughout the earlier a part of 2017.

As the markets have gone into meltdown since May 12, (BTC) dominance has fluctuated dramatically, bucking 2021’s prevailing pattern. Before the sell-off began in earnest, BTC dominance had been falling fairly steadily from round 70% in January to a low of underneath 40% by the time the crash was underway. At that time, BTC dominance was at its lowest since the summer season of 2018. It has since recovered to above 43%.