Bitcoin Dominance Taps Three-Year High, But Analyst Says Alts Are Poised to Rally
Bitcoin is now the most dominant force in the crypto market, surpassing 53% of the total crypto market—stronger than it has been in three years. Bitcoin’s market cap now stands at $1.27 trillion, according to CoinGecko data. By contrast, crypto’s total market cap is $2.43 trillion, with 15.9% of the market occupied by Ethereum, worth $389 billion. The upward climb of Bitcoin dominance this year is an unusual one, given that altcoins usually thrive better than Bitcoin in a bull market environment...