Bitcoin dominance reaches record high, suggesting potential altcoin rally amid market sell-off.

From Investing.com
July 13, 2024 4:30:19 pm:

Bitcoin’s market cap dominance has hit 54.5, the highest since July 2021, suggesting a potential altcoin bull run. Glassnode co-founders attribute this to a risk-on market, with investors favoring assets that promise higher returns. Tech-heavy Nasdaq dropped 2%, while small-cap stock index IWM rose over 3%, signaling investors’ preference for riskier investments.

Read more at Investing.com: Bitcoin Dominance Hits Record High Amid Market Sell-Off By U.Today