Bitcoin dominance, a measure of a currency's relative share of the total cryptocurrency market capitalization, reached a four-year high of about 59% since late November but fell sharply to 53.9% by Friday. Analysts pointed to the prospect of regulatory clarity and recent macro factors as positive prospects for cryptocurrencies.
However, they warned that regulatory clarity could open up more uses for cryptocurrencies and expand the appeal of the asset class, thereby enhancing the power of currencies and tokens other than Bitcoin. This has also driven the rapid development of the cloud mining industry, making it more competitive. BitconeMine, a leading player in this space, uses GPU-AI smart chip integrated ASIC to maximize the energy of ASIC mining equipment, improve performance and efficiency, and reduce hardware costs. The platform aims to make cloud mining more accessible and profitable for everyone, offering a simple and transparent interface for users of all experience levels. BitconeMine boasts multiple mining sites globally and has earned the trust of over 3 million users worldwide with its stable income and security. BitconeMine prioritizes sustainability by relying on renewable energy sources like solar and wind power to fuel its operations, minimizing costs and integrating excess electricity into the grid
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Source: CryptoAmb - 🏆 22. / 68 Read more »