Geopolitical tensions trigger crypto market chaos as Bitcoin dominance falls, fueling altseason speculation.
Bitcoin dominance talks about the impact of the Bitcoin market cap on the entire crypto industry market cap. It is because Bitcoin is the most popular cryptocurrency and has the largest market capitalization, which gives it the power to impact the behavior of the crypto market.
Bitcoin's prominence in the cryptocurrency sector has reached a three-year peak, primarily influenced by strong interest in U.S. ETFs.
Bitcoin (BTC) is showing signs of a short-term price rebound following sudden losses that coincided with heightened tensions in the Middle East.
Bitcoin's commands more value than every other cryptocurrency put together, and then some, for its most dominant price in years.
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