The dollar retreated a little today after the 75 basis point interest rate hike from the European Central Bank. We saw an upward move in risky assets, which saw this pullback as an opportunity.
bitcoin also experienced an increase of up to 10% during the day, taking its share from this.
BTC Domination 40%
As Bitcoin rises, we see that the gains in the altcoin market are more limited. The main reason for this The increase in Bitcoin dominance.
The increase in dominance with the rise in Bitcoin indicates that the rise is due to the transition to Bitcoin rather than the inflow of new money.
BTC dominance rises to 40% again Daily gains on Ethereum capped at 4%. In the future, Bitcoin’s finding a safe space and starting horizontal movements will allow us to see a more positive scenario for altcoins.
Top Rising Altcoins
When we look at the last 24-hour changes in altcoins, we see that some altcoins are positively differentiated from others and rise more than Bitcoin.
Accordingly, the most rising altcoin was LUNA, which was on the agenda again after experiencing a major collapse.
Although the recent support of some developments in LUNA by the stock markets has increased the risk appetite on that side, experts remind that the risks in LUNA and its derivatives should be kept very low.
According to CoinmarketCap data, the top 100 coins in the last 24 hours are as follows:
*Not Investment Advice.
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