What is driving this increase in BTC dominance? One factor could be the recent announcement by investment giant Fidelity to launch a Bitcoin trading platform for institutional investors. This move is seen as a major step towards mainstream adoption of Bitcoin, as it provides a trusted and regulated platform for institutions to enter the market. The news has sparked excitement among the crypto community, with many speculating that this could lead to a surge in BTC prices. Altcoins take a hit as Bitcoin reigns supreme As Bitcoin dominance continues to rise, altcoins have seen a decline in their market share. Ethereum (ETH), the second largest cryptocurrency, has dropped to 9.1% dominance, while Ripple (XRP) and Bitcoin Cash (BCH) have also experienced a decline. This trend is not uncommon in the crypto market, as altcoins tend to be more volatile and often follow Bitcoin's price movements. Is this a temporary or long-term trend? While the increase ...
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