The Bitcoin dominance has now fallen below 60% for the first time in six months. But despite altcoins moving to grab more market share , this high dominance has remained a hindrance for the altcoin market. Given this, the Bitcoin dominance is expected to continue to determine where the crypto market will be headed from here, and by extension, when the altcoin season will begin.

How Bitcoin Dominance Is Driving The Market

As the crypto market struggles to find its footing in an ever-changing macro landscape, Bitcoin’s dominance continues to put pressure on the broader altcoin market. Crypto analyst Luca points this out in an analysis that focused on the Bitcoin dominance and how it is driving the market recently.

Luca points out that the Bitcoin dominance had actually dropped

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