Matrixport: Altcoin rally hopes fade as Bitcoin dominance grows

Odaily News Matrixport posted on the X platform that over the past year, crypto Twitter has been calling for altcoin rebounds almost every month, but to no avail. But altcoin rebounds are not driven by chart patterns or some hypothetical lags behind Bitcoin's actions. Instead, they rely on the decline in Bitcoin's dominance and the rise in the total cryptocurrency market value.
As Bitcoin's dominance climbs and Ethereum underperforms, few other cryptocurrencies have emerged as credible competitors in this cycle. Without a strong alternative narrative or leadership, other cryptocurrencies are likely to continue to lag behind. Our other crypto performance model currently supports this view and remains bullish on Bitcoin.