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3 reasons why Bitcoin is regaining its crypto market dominance

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Is Bitcoin down almost 60% from its ATH? Yes. Is it still asserting its dominance in the market? Also yes. Here’s why.

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.

 

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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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