Is Bitcoin’s rising dominance good or bad for altcoins?

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Is Bitcoin’s rising dominance good or bad for altcoins?
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GM FAM.#Bitcoin dominance (BTC.D) has touched an ATH for this cycle.

Bitcoin dominance climbs to 58.85% on Thursday, the highest level since April 2021. BTC and Ethereum hold steady above $67,000 and $2,600, key price levels for the top two cryptocurrencies. XRP gains on Thursday and trades above $0.5500. Bitcoin , Ethereum and XRP updates Bitcoin holds above $67,000 on Thursday. The largest cryptocurrency by market capitalization erases less than 1% of its value on the day.

flashes green histogram bars above the neutral line, signalling a positive underlying momentum in the INJ price trend. Meanwhile, the RSI reads 56.80, above the neutral level of 50 and far below the overbought zone. RSI is sloping upwards, typically a sign of positive momentum in the INJ price trend. INJ/USDT daily chart However, a daily candlestick close under $20.33 could invalidate the bullish thesis. This level coincides with the upper boundary of an imbalance zone, between $20.33 and $19.

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