Bitcoin Dominance Hits 64%, Up to 63.7%, Last Seen February 2021, Price Rose From $20K to $69K

Bitcoin’s market cap dominance has surged to 63.7%, reaching levels not seen since January 2021. This increase reflects a growing preference for Bitcoin amid global economic uncertainty, as investors seek its perceived stability. Notably, Bitcoin dominance hit 64% for the first time since February 2021, marking a significant shift in market dynamics. Analysts recall that during the last time Bitcoin dominance was at such levels, the price of Bitcoin rose dramatically from $20,000 to $69,000. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant