# MarketDominance

Bitcoin dominance update. Leaning towards a double top sweep and take out previous high before altcoin season begins.
#BTC #GateioInto11 #GT #MarketDominance

In the world of cryptocurrencies, Bitcoin and altcoins share a crucial relationship that drives market dynamics. As the largest by market cap, Bitcoin often sets the tone for the entire market. When its price moves significantly, it influences the prices of altcoins, creating a ripple effect.
Investor psychology plays a big role in this relationship. Bitcoin is seen as a barometer for the overall market health. Its price movements can trigger optimism or fear among investors, impacting both Bitcoin and altcoin investments.
Another reason for this interdependence is trading pairs on exchanges.