Bitcoin dominance, a measure of Bitcoin’s market capitalization relative to the total cryptocurrency market capitalization, reached a high of 52.7% this past week, its highest level in three years since April 2021.
Starting the week on Monday, June 22, with a BTC dominance of just 48.2%, this figure rapidly increased to 51.9% immediately following the launch of the ETH ETFs on Tuesday before gradually continuing its rise over the week.
Leave a Reply