Bitcoin Dominance at 2-Month High as BTC Stands Firm Above $20K: Weekend Watch
Despite sliding slightly since yesterday, bitcoin continues to trade above $20,000.
These gains were unprecedented for months and have been witnessed by the community in recent days. The first cryptocurrency to spike above $18,000 was $19,000 higher than $19,000 and reached $20,000 Friday night. This was bitcoin's highest price in more than two months, and it has now recovered all of its losses from the FTX/Alameda fiasco. Despite having lost some ground from the local peak, bitcoin trades above $20,000 and its market capitalization close to $400 billion, amid speculations about a new bull trend. The dominance of Bitcoin over other altcoins is also increasing. Bitcoin Dominance. While the alternative coins made notable gains yesterday, most are now in red daily. Solana led the rally and saw its price rise by 40%. Binance Coin is also down at a similar rate, and it is currently just below $300. Cryptocurrency Market Overview. Disclaimer: All information found on CryptoPotato are the opinions of the authors. This information does not reflect the views of CryptoPotato about whether or not to invest. Before making any investment decision, you are strongly advised to do your own research. You are responsible for any use of the information. For more information, please refer to the Disclaimer. TradingView provides cryptocurrency charts