BinanceSquare - Bitcoin's dominance at 60% makes altcoins highly vulnerable to its price swings, potentially causing a major altcoin crash

https://www.binance.com/en/square/post/17605712451369

Bitcoin's dominance has surged to 60%, creating a precarious situation for altcoins highly susceptible to Bitcoin's price swings; a Bitcoin price drop could trigger a catastrophic altcoin crash.

This highlights the extreme volatility of the cryptocurrency market, demanding extreme caution and careful portfolio management from users.

Investors should be vigilant and prepared for significant market fluctuations, as Bitcoin's actions are heavily influencing the entire crypto ecosystem.