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Market Wrap: Bitcoin Dips as Dominance Over Ethereum Shrinks

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Bitcoin dipped below $45K after the Fed pointed to a possible rate hike in March. Meanwhile, altcoins grabbed greater market share from BTC. Damanick Dantes reports.

Bitcoin dominance declines

Typically, during periods of market panic, some traders would sell altcoins, which are deemed to be risky. The remaining option for traders is to seek relative safety in BTC, which results in a higher bitcoin dominance ratio.

 

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Bitcoin 😉

That's guy on the hill should be falling if it's trying to represent bitcoin

bitcoin dominance to sub 20%

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Blah blah blah.. Who is selling there btc because of what the fed says?

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