Matrixport: As Bitcoin's dominance strengthens, hopes for a rebound in altcoins gradually fade away

Odaily Planet Daily News: Matrixport published an article on X platform stating that in the past year, crypto Twitter has been calling for a rebound in altcoins almost every month, but none of them have been successful. But the rebound of altcoins is not driven by chart patterns or some assumed actions that lag behind Bitcoin. On the contrary, they rely on the decline of Bitcoin's dominant position and the increase of the total cryptocurrency market value. As Bitcoin's dominant position climbs, Ethereum performs poorly and few other cryptocurrencies have become trusted competitors in this cycle. Without a strong alternative narrative or leadership, other cryptocurrencies may continue to fall behind. Our other cryptocurrency performance models currently support this view, let's continue to look at things like Bitcoin.