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Image Credit: Cryptopotato

Bitcoin Dominance Hits Multi-Year High: What Does it Mean For Altcoins?

  • Bitcoin dominance reached a multi-year high of 58% on September 16, the highest since April 2021.
  • Ethereum dominance has declined by 30% over the past year, falling below 14% for the first time in three and a half years.
  • Analysts have differing opinions on Bitcoin dominance, with some suggesting a potential retreat and the start of an altseason.
  • Crypto markets have declined by 1.4% with Bitcoin reclaiming the $58,000 level.

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