3 Reasons Bitcoin Will Reclaim Dominance In The Crypto Market

(Bitcoin) regains its lost dominance in the cryptocurrency market, despite trading almost 60% below all-time highs.

The Bitcoin Market Dominance Index (BTC.D), a measure that weighs the market capitalization of BTC compared to the rest of the cryptocurrency market, rose to around 47% on May 27, its highest level since October 2021.

Daily chart to dominate the bitcoin market. Source: TradingView
Daily chart to dominate the market. Source: TradingView
Daily price chart with key support levels. Source: TradingView
LUNA/BTC daily chart. Source: TradingView
Altcoin market value daily chart. Source: TradingView
DeFi projects and their bearish decline from record levels. Source: messari
Some dead coding projects so far in 2022. Source: Messari
BTC.D daily chart. Source: TradingView

Read more on Coin Telegraph

Source site 23