Bitcoin Price Retests $30,000 Level as Dominance Hits 3-Year High
Bitcoin has retested the $30,000 price level and is currently trading at $30,135, up by 1.47%. Its dominance in the market has also increased to 51.5%, the highest it has been in three years. This growth is attributed to the positive outlook of the market, the recent legal victory of Ripple against the SEC, and the expectation of spot ETF approval. The upcoming Bitcoin halving event is also seen as a potential trigger for its elevated dominance level.
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
US Officials Allegedly Don’t Know How Much Bitcoin They Hold – Here’s More Allegations of Mismanagement
It is alleged that US authorities do not know the amount of cryptocurrencies they have seized so far and obtained through forks.
Bittensor (TAO) Poised for 125% Surge, Says Popular Analyst
Memereum Nears $2M in Presale, Unveils V3 Website, and Launches New Whitepaper Following Rebrand
US SEC drops investigation into NFT platform OpenSea
Trending news
MoreCrypto prices
More
