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đCrypto King Returns: Bitcoinâs dominance hits 2-month high.
Bitcoin dominance, a metric indicating Bitcoinâs market share relative to other cryptocurrencies, has surged to a two-month high amidst a cooling-off period in the crypto markets following substantial gains. This rise reflects a growing preference for Bitcoin over alternative cryptocurrencies (altcoins).đč
đAnalysts from JP Morgan, an American multinational financial corporation, have disclosed the potential for a significant price correction in Bitcoin, predicting that the cryptocurrency could see its price drop to $42,000 after the Bitcoin halving event.đč
đVenture capital (VC) funds invested $485 million in crypto startups in February, according to DefiLlama data. This represents a 5.3% month-to-month growth and the highest investment volume of the last three months.đč
đCrypto markets are closely watching the impact of the expiry of the $2 billion Bitcoin options, a significant event that occurs regularly.đč
đArthur Hayes, founder of cryptocurrency exchange BitMEX, purchased altcoins from Binance, according to onchain data.đč
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