🚀 **Bitcoin Dominance Soars to New Heights!** 🚀
Hold onto your hats, BTC enthusiasts! On Sept. 16, Bitcoin dominance hit a whopping 58%, the highest since April 2021, according to Tradingview. This marks a significant milestone after nearly two years of steady growth. 📈
Following the FTX collapse in November 2022, BTC dominance plummeted below 40%, with Bitcoin's price hitting a low of $16,000. But the king of crypto has bounced back, leaving altcoins, especially Ethereum, in the dust. Ethereum's market share has dwindled to below 14% for the first time in over three years. 😲
Analyst 'Rekt Capital' notes that BTC's weekly close above 57.68% could signal a multi-month uptrend, reminiscent of its 71% dominance peak in early 2021. However, some experts believe BTC dominance might retreat, potentially sparking a new altseason. 🌟
Stay tuned, Bitcoin believers! The crypto landscape is ever-evolving, and BTC continues to lead the charge. 💪 #Bitcoin #Crypto #BTC