The current Bitcoin dominance at 64.5% raises concerns over altcoin performance as holders are not rotating capital from BTC to altcoins. Experts suggest that a reversal in BTC.D could allow altcoins to recoup some losses.
Scott Melker has warned that the current influx of new capital into Bitcoin means altcoins may require significant external funding to rally. The broader economic context, including inflation fears, is also affecting altcoin recovery.
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