3 Crypto Charts That Prove Bitcoin Is About to Bleed Market Share

“Alt season” is one of the most profitable phases of the cryptocurrency market cycle. It is a period when all altcoins – from large-cap to small-cap – go through exponential growth, often at the expense of bitcoin.

We experienced this phenomenon early this year, until bitcoin’s parabolic rise over the last few weeks shattered many altcoins to the point of capitulation. With many large-cap coins suffering tremendous losses, it is easy to assume that altcoins are bearish. However, nothing could be further from the truth.

A closer analysis of the altcoin market cap and the Bitcoin Dominance Index reveals that altcoin season remains in full swing. In a nutshell, the Bitcoin Dominance Index represents the market share of bitcoin in comparison to the total market capitalization of all cryptocurrencies.

Reference: https://www.ccn.com/3-crypto-charts-bitcoin-bleed-market-share

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