Bitcoin (BTC) Dominance Reclaims June 2022 Levels As Altcoins Plummet
16 Mar 2023 5:00 PM
While the rest of the crypto market is currently in a bleeding state following the joyful green ride over the past few days, Bitcoin has s......
- Bitcoin's dominance in the crypto market has increased to over 45%.
- This increase in dominance may indicate a shift in investor interest from altcoins to Bitcoin.
- The rise in Bitcoin dominance could be due to the US bank crisis or investors seeing Bitcoin as a reputable store of value.
- Bitcoin's price has spiked by over 15% in the past week, adding more than $90 billion to its market cap.
- Larger altcoins such as Ethereum, Ripple, Cardano, Polygon, and Dogecoin have seen sharp declines in the past 24 hours, while Binance Coin has moved in the opposite direction with an upward movement.
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The article presents a mixed sentiment towards Bitcoin's dominance in the crypto market. While it highlights the increase in Bitcoin's dominance and price, it also raises concerns about the potential negative impact on altcoins and the reasons behind the rise in Bitcoin dominance.
What is Bitcoin's current dominance in the crypto market?
What could be the reasons behind the increase in Bitcoin's dominance?
How has Bitcoin's price changed in the past week?
Which larger altcoins have seen declines in the past 24 hours?
Which altcoin has moved in the opposite direction with an upward movement?
US bank crisis