After the euphoria that hit Bitcoin due to Trump's inauguration ceremony, which made Bitcoin rise quickly to reach $ 109,000, the momentum continued after that to rise Altcoins as well, but after every rise we find a correction, and this is what is happening now.
Looking at the rest of the cryptocurrencies, we find that there is a general decline in the market, this decline ranges from 3 to 4%, as the price of Ethereum reached $ 3,200 before rising again to $ 3,300 with a 3% decline, achieving the same percentage of decline that Bitcoin achieved, and Ethereum is far from the $ 4,000 level that we seek to achieve this year.
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A look at another currency, Solana, which has achieved great success in the past period due to the positive news achieved by Solana, the most important of which is the launch of the Trump currency on the Trump network, which gave confidence to users to create their own currencies, and also the large expansion in the network attracted the confidence of many.
However, Solana, which reached the fifth place in the cryptocurrency market, fell again by 5% in the past 24 hours, as happened with most currencies due to the Bitcoin correction, but it seems that at this time, some currencies have begun to recover the health that we all wanted to see.
The question here remains: When will cryptocurrencies become less influenced by Bitcoin? Because if Bitcoin falls for any reason, we see that the rest of the cryptocurrencies follow it at almost the same rate, and I know that Bitcoin is the main pillar on which users' confidence in the cryptocurrency market in general is based, but for me, I hope that we reach the stage where we see the independence of Altcoins. At that time, I think it will be very exciting and we will see liquidity transfer to currencies almost equally, and perhaps BTC Dominance will decrease significantly.
