Bitcoin’s market dominance has been holding above 65% mark since late July of this year. This shows that Bitcoin continues to garner the maximum interest from the market participants. There were periods in the past few months when it looked like an “altseason” was around the corner but it never materialized.
Most major cryptocurrencies — led by Bitcoin — topped out in June of this year and have been gradually moving lower since. At the end of the year, in the absence of any major trigger, fresh money is unlikely to enter the space. Most institutional players prefer to park their money in the asset class that is in an uptrend instead of holding on to the losers.