Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team.
Bitcoin's dominance rate or share in the overall crypto market continues to rise, threatening to reverse alternative cryptocurrencies BTC-beating rally from early 2021.
The ascent is consistent with the bullish breakout seen in June, which marked the end of a prolonged range play between 38% and 48%. "The index is poised to extend higher, especially after resolving a two-year trading range higher this summer," Katie Stockton, founder and managing partner at Fairlead Strategies, said in a note to clients on Monday.
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