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Crypto prices rebound from selloff as Bitcoin dominance hits three-year high 😕👀 Bitcoin's dominance over all other cryptocurrencies has hit its highest value in three years following crypto's mild recovery from yesterday's sharp selloff, which was sparked by the news of an impending Iranian attack against Israel.  Following the recovery, according to The Block's data dashboard, Bitcoin now commands nearly 53% of the crypto market, the most since early April 2021 and more than every other cryptocurrency combined.  Surveying the one-day performance of the top 20 cryptocurrencies by market cap shows that Bitcoin had one of the strongest recoveries from yesterday's selloff, corresponding to its increase in dominance, though it still lost value like nearly other token in the top 20.  #BTCdominance #BTCHalvingApril2024 $BTC

Crypto prices rebound from selloff as Bitcoin dominance hits three-year high 😕👀

Bitcoin's dominance over all other cryptocurrencies has hit its highest value in three years following crypto's mild recovery from yesterday's sharp selloff, which was sparked by the news of an impending Iranian attack against Israel. 

Following the recovery, according to The Block's data dashboard, Bitcoin now commands nearly 53% of the crypto market, the most since early April 2021 and more than every other cryptocurrency combined. 

Surveying the one-day performance of the top 20 cryptocurrencies by market cap shows that Bitcoin had one of the strongest recoveries from yesterday's selloff, corresponding to its increase in dominance, though it still lost value like nearly other token in the top 20. 

#BTCdominance

#BTCHalvingApril2024

$BTC

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267% Spike in Shiba Inu Token Transaction Fees Stuns Shibarium #Shibarium , the Layer-2 blockchain solution catering to the #Shibalnu community, has experienced a significant surge in transaction fees, marking a notable 267% increase over the past 24 hours. Data sourced from Shibariumscan indicates a substantial rise in gas commissions paid in BONE, the native token of the Shiba Inu ecosystem, from 11.57 BONE to 30.98 BONE. This surge in fees can be attributed to heightened network activity, likely spurred by increased interest in Shiba Inu tokens amid recent market fluctuations. As investors seek to capitalize on opportunities within the ecosystem, transaction volumes on the Shibarium network have surged, resulting in elevated transaction fees. What is Shiba Inu's #BONE ?👀 For those who don't know, BONE serves a crucial role within the Shiba Inu ecosystem. Apart from covering transaction fees on the Shibarium network, each transaction involving BONE contributes to the burning of SHIB tokens. A portion of the BONE transaction fee is converted into SHIB tokens and sent to the dead wallet, thereby reducing the overall token supply and potentially increasing scarcity. The implications of this spike in transaction fees prompt important considerations regarding the future trajectory of Shiba Inu's network and its associated tokens. Questions arise regarding whether this surge in fees indicates sustained growth in activity within the Shiba Inu ecosystem and how Shibarium plans to address the growing demand while ensuring continued efficiency and scalability. Furthermore, amid broader market uncertainties, particularly with prevailing bearish sentiments, the implications for SHIB and BONE are of particular interest to investors. $SHIB
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Reimagine Bitcoin with BounceBit: A Secure, High-Yield Future for BTC 👀 First Binance Megadrop Project Bitcoin certainly Needs a Boost! ⚡️ & BounceBit Delivers: The game of #Bitcoin Layer 2 solutions is getting a shakeup! BounceBit emerges as a revolutionary new chain, ditching L2 for a bold L1 approach whilst Unlocking the true potential of BTC. Here's how it breaks the mold & offers: 🥇Compliments the entire BTC ecosystem through its • introducing BTC restacking & Dual-token security: Validators lock up BOTH BounceBit tokens and their BTC. This strengthens the network AND makes holding BTC more valuable. • No limitations: Unlike Layer 2 solutions, BounceBit is independent, allowing for more innovation on top of Bitcoin. • Works with DeFi: BounceBit plays nicely with popular DeFi platforms (think: Ethereum!) through wrapped BTC like WBTC and BTCB while allowing possibilities for full EVM interoperability! 🥈Allows for Transparent CeFi for Yield-Bearing Bitcoin; This approach allows them operate as a CeDeFi product which helps boosts liquidity and trust in CeFi by bringing transparency to yield generation for Bitcoin. With their chain's already live with a testnet running and ton of dapps/pre built protocols already live and running on its bouncebit club. To participate on bouncebit megadrop, Here's everything you need to do • Subscribe to BNB Locked Products and/or complete all stated quest Under the [Quest] tab, you can see on BounceBit quest. You’ll also see the participation period, reward distribution to accrue scores. To complete Web3 Quests, make sure you have at least one active Binance Web3 Wallet. Create your first Web3 Wallet now if you have not yet done so. • After completing all the designated Web3 Quest(s), click on the [Verify] button at the Megadrop project page before the Quest Period ends to successfully obtain the Web3 Quest Bonus and Web3 Quest Multiplier. • Receive Megadrop rewards based on your Total Score. #BOUNCEBITLAUNCHPOOL #bouncebit
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