Data: BTC market dominance rises in sync with price recovery, BTC-led rallies are more sustainable
ChainCatcher news, Glassnode posted on social media that Bitcoin's market capitalization dominance has rebounded alongside its price increase, rising from 57% to 59%. This mean reversion phenomenon indicates a healthier market structure—historical experience shows that bull runs led by Bitcoin tend to be more sustainable compared to those driven by altcoins.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Powell: The peak inflation rate may be a few tenths of a percentage point higher or lower than the current level
Powell: The rise in long-term interest rates is due to expectations of higher growth
Powell: There is no zero-risk path for policy
