Bitcoin Dominance Rises to Three-Year High: Details Here

Altcoins showed a sluggish performance during the day, with XRP, ETH, and SOL all recording declines, while TON rose by more than 4%.

Bitcoin Dominance Increase:

The past weekend saw significant pressure on the cryptocurrency Bitcoin.

The major correction that began on Friday continued, leading the price to drop from $66,000 to below $60,000 by Sunday morning.

Things got worse later on Sunday with an additional drop to the $57,000 level.

However, the worst happened on Monday as the price fell back below $50,000, reaching its lowest level in about six months.

Bitcoin began to recover, rising to $53,000 on Tuesday and then to $57,000 by Thursday.

This was followed by another rally on Friday that brought the coin closer to the $63,000 level.

It has once again dropped towards the $60,000 level, but has managed to defend this level and is currently trading around $700 above it.

Ethereum is down over 1% in 24 hours, but it is still above the $2,600 level.

Solana and Ripple are also down between 2% and 3% to $155 and $0.58 respectively.

On the other hand, DOGE, AVAX, SHIB, and ADA are in the red.