At the same time, crypto investors are looking to reduce risk ahead of the U.S. election, driving bitcoin's crypto-market dominance to a cycle high.
As the Bitcoin (BTC) price rebounds in the markets ahead of the US presidential elections, its dominance in the cryptocurrency markets is also increasing.
According to CoinMarketCap data, as of 18:39 on Sunday, the BTC price increased by 2.3% in the last 24 hours to $ 56,260. Worldwide crypto market cap reached $2.4 trillion, up 1.3% in the last day.
As Bitcoin price approached its all-time high above $73,000 in March, its dominance in cryptocurrency markets also reached a new cycle high. According to the latest data, BTC's market share rose to `.56, a new cycle high.
As Bitcoin price approached its all-time high in March, its dominance in cryptocurrency markets also reached a new cycle high. According to the latest data, BTC's market share rose to `.56, a new cycle high.
This movement in crypto markets suggests that some crypto investors may be risk-averse ahead of the US elections. In previous cycles, crypto investors were moving away from risky altcoins to the leader of the crypto markets, often in search of higher returns.
As the Bitcoin price rebounds in the markets ahead of the US presidential elections, its dominance in the cryptocurrency markets is also rising.
According to CoinMarketCap data, as of 18:39 on Sunday, the BTC price increased by 2.3% in the last 24 hours to $ 56,260. Worldwide crypto market cap reached $2.4 trillion, up 1.3% in the last day.
As Bitcoin price approached its all-time high in March, its dominance in cryptocurrency markets also reached a new cycle high. According to the latest data, BTC's market share rose to `.56, a new cycle high.
This movement in crypto markets suggests that some crypto investors may be risk-averse ahead of the US elections. In previous cycles, crypto investors were moving away from risky altcoins to the leader of the crypto markets, often in search of higher returns.
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