Bitcoin Dominance Hits 55% as Crypto Market Struggles to Recover

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Bitcoin Dominance Hits 55% as Crypto Market Struggles to Recover


Subsequent to recording the steepest every day drop in valuation lately, the crypto market has struggled to rebound in a convincing method, pushing the dominance index of Bitcoin additional up.
All through the previous 24 hours, the dominance index of Bitcoin achieved 55 %, its highest level since December of final yr. As tokens misplaced out largely towards Bitcoin, the dominance index of the cryptocurrency elevated considerably over the previous few days, from 51 % to 55 %.

Whereas the crypto market has averted a drop beneath the $200 billion mark to its yearly low at $192 billion, Bitcoin

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