Key Reason Why Bitcoin Price Has Not Topped $70K Named by Top Trader

2024-6-9 15:35

This might be key reason why Bitcoin price struggling to reclaim $70,000 level

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Bitcoin’s (BTC) price clocked a two-month high of $7,820 today and looks set to extend gains further, a key cryptomarket gauge indicates. CoinMarketCap’s bitcoin dominance rate, an indicator that tracks the percent of the total cryptocurrency market

To start with, a rise in the BTC dominance rate essentially means the number one cryptocurrency is more in demand compared to the alternative cryptocurrencies. The above chart shows: The BTC dominance rate has increased from 40.

2018-7-23 18:29