Bitcoin Dominance Reaches Highest Level Since January 2021
- Bitcoin’s market dominance rose to 64.89%, the highest since January 2021.
- The price of Bitcoin reached $97,000, just 10.9% below its all-time high of $108,786.
- Bitcoin’s dominance increased from approximately 57.90% at the year’s start.
- Ethereum, Solana, and Dogecoin are down by 54%, 43%, and 61% from recent highs.
- Bitcoin ETF flows exceeded gold ETF flows by $4 billion this week.
Bitcoin’s market dominance hit a peak of 64.89% as its price surged to $97,000, marking significant growth from earlier in the year when its dominance was around 57.90%. Ethereum and other altcoins have seen substantial declines compared to their recent highs.
Source (2.6)https://decrypt.co/317548/bitcoin-dominance-hits-four-year-high-as-btc-price-tops-97000?rand=52368
