Declining Altcoin Twitter Sentiment Mirrors Rising Bitcoin Dominance
A widely-followed Bitcoin and crypto asset market analysis Twitter account has been conducting a poll over the last few months. DonAlt asks followers “How much of your portfolio is in altcoins?”
Sentiment appears to have changed about the altcoin market on the social media platform in tandem with rising levels of Bitcoin dominance. Bitcoin now accounts for almost 70 percent of the cryptocurrency market, having started the year at around 51 percent.
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