Bitcoin’s dominance ‘likely peaked’ as altcoins ’start to wake up’ — Analyst

Bitcoin’s dominance in the crypto market is “now losing major support” and has potentially even “peaked,” according to crypto analysts.

Bitcoin’s market share has dipped slightly, leading crypto analysts to speculate that it may have reached its peak as traders shift their focus to altcoins.

“Bitcoin dominance has likely peaked,” founder of trading firm MNTrading Michaël van de Poppe claimed in a May 1 X post while explaining that “the bottom for altcoins is likely in.”

“Altcoins start to wake up in their Bitcoin pairs, which means that the rotation is started,” he added.

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