Bitcoin dom has increased to more than 49%, the highest level in more than two years.

BTC dom has increased steadily, from 38% at the beginning of this year to 48.85% on October 21, marking the highest level since April 2021.

The Block Research said

👉🏻 The surge can be attributed to concerns about inflation, geopolitical risks and an increasingly partisan US government pushing investors to look for ways to de-risk assets.

👉🏻 Meanwhile, the spot bitcoin ETF appears to be very close to receiving SEC approval and in a sense BTC is acting as a hedge against instability on the world stage, helping it to hold up dominant position in the cryptocurrency space.

Besides, MicroStrategy's BTC position is currently profitable, MicroStrategy currently holds 158,245 BTC worth $4.68 billion at an average price of $29,582 per BTC. Since MicroStrategy first bought Bitcoin, the company's stock has increased 154%. Meanwhile, Bitcoin is up 152% and Nasdaq is up 22% in the same time period.$BTC