Bitcoin dominance hits highest point in over two years
Sun, Oct 22, 2023 9:20 AM

Bitcoin dominance hits highest point in over two years

A Flip by Shubhangi Gupta
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Bitcoin's dominance in the crypto market has recently reached an all-time high of 49%, marking its highest point since April 2021. The surge can be attributed to its booming price this year, bolstered by investors looking to minimize risk due to inflation worries and political uncertainties. Bitcoin being closer to gaining spot ETF approval may also explain its increased dominance in crypto space.

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