Despite remaining relatively still in the past few days, bitcoin’s dominance has jumped to over 48% on CMC for the first time in over two years.
This comes as most of the larger-cap alts have charted minor daily losses, including ATOM, APT, ADA, and more.Bitcoin started last week in a rather stagnant manner, trading sluggishly around $26,000. All eyes were on the US as the CPI numbers, as well as the Fed’s next FOMC meeting, both of which were scheduled to be announced and take place during the week.
The inflation rates, outlined on Wednesday, showed a minor decline. However, that didn’t really influence BTC’s price moves, aside from a brief $200 spike. The Federal Reserve, somewhat expectedly, decided to pause its monetary policy of raising the interest rates on Thursday. What was more surprising was the effect this had on bitcoin as the asset slumped by over a grand in the following hours to chart a three-month low of under $24,800.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:
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