Bitcoin Dominance Soars to Three-Year Peak, Analysts Predict Market Downturn

Bitcoin’s dominance (BTC.D) within the cryptocurrency market has reached its highest point since 2021. This surge coincides with a multi-month high in BTC’s price, indicating a growing preference for Bitcoin and Bitcoin-based investment products. However, this surge in dominance has raised concerns among analysts. Some believe it marks a local top for the coin, hinting at a possible... source: https://beincrypto.com/bitcoin-dominance-soars-to-three-year-peak/