2022 - 3 Reasons for Bitcoin to Reclaim Dominance in the Crypto Market by Cointelegraph

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

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Tags: Bitcoin Cointelegraph Crypto Dominance market Reasons Reclaim

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