SkrillaKing: Why BTC Dominance is NOT Hinting at an Altcoin Season (yet)
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Everyone today is focused on Bitcoin (BTC) dominance falling sharply over the last 24-48hrs and talking about the potential of an altcoin season. While BTC dominance falling could be an indication we are setting up for another altcoin cycle, I'm not so sure a 3% change in dominance is cause for an altcoin cycle. This could quickly change this week, especially since Bitcoin (BTC) is at a pivotal price. Stuck at $10,000 to $10,500.
Also the Federal Reserve has bailed out the banks by printing a whopping $54 BILLION dollars. Some interest rates shot up to 10% overnight and caused a flurry of activity within the Fed.
Yeah, because bailing them out isn't a bandaid or anything.
The Fed is destined to fail, we can only hope that blockchain technology will replace it.
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#Bitcoin #Blockchain #crypto
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