Even if the cryptocurrency industry crashed in 2022, Bitcoin’s status as the “alpha coin” has remained remarkably stable. With a market capitalization of over $398 billion and a trading volume of $24,180,295, Bitcoin’s dominance in the last 24 hours has increased by 43%. According to market watchers, the BTC bull market officially began in 2023 and is expected to increase in value. In addition, the United States Consumer Price Index (CPI) was issued earlier this week, showing that the U.S. dollar’s value is decreasing relative to other currencies. On the other hand, the CPI data gave the market the confidence it needed to follow inflation’s downward trend. Related Reading: Bitcoin Price Touches $20,000 For First Time Post-FTX Collapse In the previous week, BTC dominance increased by almost 2%, returning to a multi-month high as the value breached the $20,000 level. Bitcoin Shows Bullish Momentum Rekt Capital says that BTC will surprise investors next week by trading above $21,000. This upswing encouraged traders and investors worldwide to re-enter the Bitcoin market and make some quick bucks. That’s a very strong #BTC Dominance ..
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