Analyst: Bitcoin's dominance has peaked, and altcoins may outperform the market

ChainCatcher news, TradingView data shows that Bitcoin's dominance has risen from 42% in the first quarter to 48%, and it has struggled to surpass this level so far this month. Over the past two years, this metric has fluctuated between 38% and 48%, with the decline from 46% to 48% coinciding with the outperformance of altcoins. Markus Thielen, head of research and strategy at crypto service provider Matrixport, stated in a report to clients on Thursday that Bitcoin's dominance may peak, indicating that altcoins are likely to outperform the broader market. (source link)