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Market Cap:
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Bitcoin Bitcoin Share: 57.78%
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Bitcoin World
2024-10-16 15:16:50

Bitcoin’s Dominance Hits Three-and-a-Half-Year High of 58.77%, Analyst Predicts Further Gains

Bitcoin’s Dominance Hits Three-and-a-Half-Year High of 58.77%, Analyst Predicts Further Gains

Bitcoin’s dominance in the cryptocurrency market surged to 58.77% on October 15, marking its highest level since April 2021, according to Cointelegraph, which cited data from TradingView. This increase highlights Bitcoin’s growing influence within the broader crypto market, driven by a combination of market trends, investor sentiment, and macroeconomic factors. Benjamin Cowen, founder of Into

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