Bitcoin (BTC) is taking an ever increasing share of the crypto market's total capitalization, according to a recent analysis from popular crypto trader Kaleo. With Bitcoin dominance (BTC.D) rising, Kaleo warns that altcoins could face some difficulty while BTC continues to make gains.

BTC.D has been steadily climbing since December last year, and is currently sitting at 48.68%. Kaleo suggests that there is no apparent resistance stop until approximately 52%, meaning that Bitcoin's share of the market cap is likely to continue its ascent.

Kaleo believes that this increase in Bitcoin dominance could lead to liquidity moving away from altcoins and into Bitcoin, ultimately making it harder for altcoins to make gains. Kaleo particularly predicts that Ethereum (ETH) could face further difficulty against Bitcoin, with a drop from its current levels of $0.064 ($1,923) to between $0.056.

Despite the bleak outlook for many altcoins, one area of the market that could still see some upside is the decentralized exchange (DEX) Injective (INJ), which is by and large continuing to show strength against Bitcoin. The crypto trader says that INJ's lower timeframe chart exhibits patterns similar to the altcoins that rose in 2021 and posits that the crypto could surge above $10. INJ is currently at $9.05, up 8.3% from the 24-hour low, implying that Kaleo could be on to something.

In closing, Bitcoin dominance is predicted to increase, with Kaleo suggesting a maximum of about 52%. This could have knock-on effects for altcoins, many of which could potentially see liquidities move away from them in favor of Bitcoin. However, it appears that decentralized exchanges such as Injective could still experience some gains despite the overall increase in Bitcoin's market share.



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