Bitcoin’s Market Dominance Rises To 60%, Is BTC Poised For Even Greater Control?

Quick Summary:

Both retail and institutional adoption and interest in Bitcoin continue to see notable growth following the recent price upswing over the past week, which has led to a huge rise in BTC’s dominance over other cryptocurrency assets in the market.

It also indicates that BTC may gain more traction, highlighting its position in the market as the leading asset during a time of optimism.

Meanwhile, for those who prefer the monetary policy view, Cowen underlined that the ALT/BTC pairs in 2019 did not bottom until the conclusion of QT, which has not yet taken place.

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Article Details

Author / Journalist: Godspower Owie

Category: Crypto

Markets: Hungary

Topics: Bitcoin's Dominance Quantitative Tightening Altcoin's Dominance BTCUSDT Bitcoin News Into The Cryptoverse Bitcoin Altseason Ash Crypto Btcusd Altcoin Benjamin Cowen ETH-BTC Btc ALT/BTC QT

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 14:00:20 (1 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 481 words

Reading Time: 3 minutes read

Sentences: 35 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 23555030

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 14 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 8 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Publisher ID: #105

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