Bitcoin dominance at 6-month highs
Let's look at three likely reasons why traders have been rotating out of the altcoin market to seek safety in Bitcoin.Ethereum's native token Ether , the largest alternative cryptocurrency by market cap, has witnessed consistent declines in its market dominance in the last five months—from 22.38% in December 2021 to 17.86% in May 2022.
Do you think that the Wall St maybe after Crypto after gains in 2021? It's one of the biggest things that reduces the stock market capital.
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Crypto Markets Shed $40 Billion, Ethereum and Cardano Down 5% (Market Watch)Bitcoin's dominance continues increasing while large-caps like Ethereum, Cardano, Solana, and Avalanche keep bleeding out. SOL AVAX ADA are ponzi schemes like LUNA 😉 Might be helpful.👇 There is only one large-cap, it's called Bitcoin.
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Bitcoin Dominance at 7-Month High as Altcoins Bleed Out (Market Watch)Bitcoin's dominance over the altcoins have increased to its lowest position since October, as most alts are deep in the red today.
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