Bitcoin's dominance is back at high level once again, which could be important sign for crypto market
Bitcoin dominance refers to the percentage of the total cryptocurrency market capitalization that Bitcoin holds. When Bitcoin's dominance rises, it often indicates that investors are favoring Bitcoin over other altcoins. This could be due to a variety of reasons, such as increased confidence in Bitcoin's stability, technological advancements, or significant news events related to Bitcoin.dominance can spell a period of stagnation or decline for altcoins.
If investors are flocking to Bitcoin, it might mean they are moving their funds away from altcoins, leading to potential price drops for these alternative cryptocurrencies.Let's delve into the recent price performance of Bitcoin. Over the past week, Bitcoin has shown mixed dynamics with a 50 EMA breakthrough and reversal below 200 EMA a few days after.
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