Altcoin Season On Cards! Bitcoin Dominance Could Soar 50% by Year-End – Coinpedia – Fintech & Cryptocurreny News Media

This week, the sector is expected to record three big events among the highs and lows of the market. Given the recent events in the business, it’s possible that the market may be more volatile in the upcoming months.

Most of the major cryptocurrencies are trading in red as below the $22,000 mark, Bitcoin started a steep decline and to prevent further losses, BTC must maintain a price above the $20,000 support. After touching the $1,800 liquidity zone, the price of Ethereum has dropped to the $1,600 barrier.

The recent price behavior of ETH could cause it to decline once more to $1,300 and below. Amid the bearish price actions, is Bitcoin’s dominance on the altcoins increasing?

According to a well-known crypto analyst, Bitcoin (BTC) is about to establish its dominance over the other crypto markets. benjamin cowen