Altcoin Portfolios Crushed by Two-Year Bitcoin Dominance
The past two years have been brutal for altcoin portfolios, as Bitcoin's dominance has crushed every non-BTC allocation.
According to Decrypt analysis, holding altcoins instead of BTC would have resulted in a losing bet over this period.
BTC is currently trading at $80,557.52 within the Bollinger Bands, with EMA50 at $78,716.08 and EMA200 at $75,341.11 serving as support levels.
The MACD indicator has printed a bearish death cross at 943.66, while the RSI holds neutral at 62.92.