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Why is bitcoin dominance rising when all over market prices drop?


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The way I see it;

1. People started realised that ERC20 tokens are securities and that most exchanges will delist them until dust settles.

2. People on tethered exchanges are moving to bitcoin to avoid incoming implosion.

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5 hours ago, Madbull said:

So people shifting their holding into bitcoin? Is that the reason for the dominance?

 

No, people are dumping more altcoins getting FIAT in return. They either maintain FIAT or invest their money in bitcoin, net net it shows that the BTC marketcap is reducing however the BTC market share in % is increasing - solely coming from a bigger dump in altcoins. 

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