Is Bitcoin down almost 60% from its ATH? Yes. Is it still asserting its dominance in the market? Also yes. Here’s why.
Bitcoin dominance at 6-month highs
Let's look at three likely reasons why traders have been rotating out of the altcoin market to seek safety in Bitcoin.Ethereum's native token Ether , the largest alternative cryptocurrency by market cap, has witnessed consistent declines in its market dominance in the last five months—from 22.38% in December 2021 to 17.86% in May 2022.
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