Bitcoin Dominance Persists Amidst Low Altcoin Activity

According to BlockBeats, Matrixport's recent analysis highlights the current state of the cryptocurrency market, emphasizing Bitcoin's continued dominance. The report suggests that for altcoins to gain significant traction, Bitcoin's market dominance would need to decline steadily, indicating a shift in market share towards altcoins. However, the analysis notes that retail trading activity remains subdued, with speculative futures trading nearing historic lows. This trend suggests that current market demand is almost entirely focused on Bitcoin, primarily in the spot market rather than leveraged derivatives source: https://www.binance.com/en/square/post/25110336479169?utm_source=BinanceNewsRSS