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

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Bitcoinist 1w ago

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

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.