Bitcoin’s dominance in the cryptocurrency market is nearing 64%, a peak not seen since January 2021. This surge brings Bitcoin less than 3% away from its “Liberation Day” high of $86,000. In comparison, the Nasdaq 100 remains 5% off its own high, highlighting Bitcoin’s robust performance against U.S. equities. The S&P 500 recently experienced a “death cross,” a bearish signal last seen on March 15, 2022, which initially led to an 11% rise followed by a 20% drop. Additionally, the options market shows increased bearish sentiment with significant purchases of NVDA puts. The DXY index, which tracks the U.S. dollar’s value, has fallen below 100 and declined over 10% in recent weeks. Meanwhile, the VIX, an indicator of market volatility, saw its largest one-day percentage drop last week, suggesting a possible peak in volatility.
Riggs
@RiggsBTC
·
Feb 2 Bitcoin dominance just soared over 64%. Four year high. Massively bullish.
BATMAN
@CryptosBatman
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Apr 10 Bitcoin reached a market dominance of 64% this week.It’s the highest market share since February 23rd 2021, except for a brief spike on February 3rd,It’s now testing major resistance at 64%, so the next couple of days will be very important for altcoins.If dominance breaks
Rajat Soni, CFA
@rajatsonifnance
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Feb 2 Bitcoin market cap dominance versus cryptoBitcoin is at a ~3-year highEither shitcoins are about to rip higherOr there will never be another “alt-season”
Steven Lubka
@DzambhalaHODL
·
Jan 28 It is utterly remarkable that BTC Dominance is at 62% considering it’s really from 45% to 62% has coincided with massive issuance of MemecoinsThis really is a different market, a schism between Bitcoin and Crypto
What’s Hot In UAE
@whatshotinuae
·
Feb 4 Bitcoin Dominance Hits 4-Year High!Bitcoin is flexing its muscles in the crypto market, hitting its highest dominance level since 2019!As altcoins struggle, BTC continues to hold strong, proving once again why it’s the king of crypto.Is this the final shakeout
Wealth Squad Ace
@NoTimeZone_
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Apr 11 Bitcoin Dominance Chart shows its grip on the crypto market. Right now, 63% of the total market is Bitcoin, while 37% is scattered across 13M+ altcoins aka fuk fuk coins. There is no second best.
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