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.
