๐จ BREAKING Arkham Intel HAS IDENTIFIED BHUTAN'S ~$750M $BTC HOLDINGS, which have been accumulated through Bitcoin mining operations. ๐๏ธโก
Despite volatility in the market, this is not the time to be bearish on BTC and crypto! The strongest phase of the Bitcoin cycle is yet to come. ๐ The big bull is waiting for you! ๐ฆฌ
๐ฅ Bitcoin Dominance Hits a 3-Year High! ๐ฅ
In recent market movements, #Bitcoin dominance has reached levels not seen since April 2021! This 54.76% dominance surge comes as altcoins, especially $ETH, show increased volatility. In just the past 24 hours:
$BTC : down 2% ๐$ETH: down 4% ๐
This shift highlights how BTC is the focal point at institutional levels and even among political conversations, leaving other coins in the background. Could this be a pause before the next altcoin rally, or will Bitcoin's dominance continue to rise? ๐ค
๐ Key Stats:
Bitcoin Market Cap: โน96TTotal Crypto Market Cap: โน177TWeekly Range: 53.87% - 54.76%
Bitcoin dominance has closed above 57.68% for the first time since April 2019, which kicked off a multi-month uptrend to 71%. ๐ Will history repeat itself?
๐ BTC Dominance Insight:
Bitcoinโs dominance is a critical metric that gauges its share of the total crypto market. While it once held a 100% market share, the rise of altcoins like Ethereum and Litecoin has eroded this dominance. However, Bitcoinโs hold on the market remains a significant indicator of overall market sentiment.
๐ญ What do you think? Is Bitcoin headed for new highs, or will altcoins fight back? Let us know your thoughts! ๐ฃ๏ธ
โ ๏ธ DYOR: Always Do Your Own Research! Crypto markets are volatile, and while historical data can provide insight, it is essential to research and assess risks before making any financial decisions. ๐๐
#BTCโ #CryptoNewss #Bitcoinโ #BTCdominance #CryptoNewsCommunity #DYOR
