Bitcoin (BTC) price dominance reached its highest level in 30 months with its 10% upward performance in the last 7 days.
Bitcoin last week $27,100 from levels $29,980 up to levels 10%It experienced an increase of . After the weekly close, Bitcoin price is almost for 31 thousand dollars reached. While many altcoins cannot perform as much as Bitcoin in this process, this naturally leads to Bitcoin dominance. a big rise made him live.
Bitcoin dominance, which expresses Bitcoin’s dominance over the cryptocurrency market, big rise and altcoins in this situation by not reacting enough together last 19 April 2021 seen in history 52.72% reached the level.
late last year 35% Bitcoin dominance, which is at levels, has shown a great upward performance throughout the year. This progress in dominance is similar to what Bitcoin experienced during the year. 81% occurred in proportion to the increase.
Israel-Hamas Bitcoin performing so well when there are war and many macroeconomic factors. “safe harbour” brought his expressions to mind.
Is it a sign of Taurus?
Bitcoin dominance had a huge rise before the start of the previous bull market. According to general opinion, Bitcoin rally first and after reaching a certain saturation, money by flowing into altcoins The bull’s fuse is lit.
What happened in Bitcoin? continuing the rise and the increasing dominance bull signal It is thought that it might happen.
According to CoinGecko data, Bitcoin in the last 24 hours 2.1% with rise while writing from $30,771 is being traded.