Matthew Hyland forecasts a 99% likelihood that Bitcoin’s dominance has peaked if Ethereum continues to rise. Bitcoin’s current dominance is 63.82%, reflecting a decrease as investor confidence shifts towards altcoins, particularly Ethereum which has seen a 19.87% surge.
Analysts suggest a consolidation period for Bitcoin after its recent high, expecting a possible year-end rally. The trend indicates investors are increasingly favoring altcoins over Bitcoin, highlighting a significant shift in market dynamics.
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