Crypto Trader Claims Bitcoin Dominance Has Reached Its Peak: Implications for Altcoins
Bitcoin (BTC) is experiencing a cooling period after its recent rally, leading a well-known crypto analyst to suggest that the dominance of the king crypto has reached its peak, at least for now. Michaël van de Poppe, a crypto trader with a large following on X, believes that altcoins may soon start to rise in popularity. He points to his BTC market dominance charts as evidence of this potential shift. Van de Poppe explains, “To me, the Bitcoin dominance has peaked and there’s a significant chance that we’ll rotate back to altcoins in the coming period. It’s currently a quiet vacuum that we’ll need to break through, and the potential momentum surrounding the ETH ETF (Ethereum exchange-traded fund) in May could facilitate that breakthrough.”