Bitcoin Dominance Rises to 2-Month High as Markets Cool Off Following Massive Gains (Market Watch)

After several days of charting substantial gains and volatile price movements, Bitcoin has finally calmed at just over $62,000.

However, the bulls began a massive rally starting on Monday that resulted in gaining several thousand dollars in hours. By Tuesday, the cryptocurrency hadto almost $60,000. That level was finally breached on Wednesday, and the rally took BTC all the way up to $64,000. , is still well above $1.2 trillion. Its dominance over the alts has risen by 5% since February 27 and now stands at a two-month peak of 50.5% on CoinGecko.The alternative coins skyrocketed as well in the past few days. Ethereum led the charge with gains that took it to well over $3,400. Although it still trades above that line, ETH is now 1% down on the day. So are BNB, XRP, ADA, TRX, and LINK.

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