Bitcoin dominance hits four-year high as crypto market rebounds
The cryptocurrency market experienced a 9.9% rebound in April, with Bitcoin reaching a four-year high in dominance at 63% of the total crypto market value.
This recovery followed a period of volatility in March and was highlighted in Binance Australia’s latest Monthly Crypto Market Insights report, which also pointed to investor caution amid ongoing uncertainty in global macroeconomic conditions.
Bitcoin led the market resurgence, with prices briefly correcting to approximately USD $75,000 in early April before swiftly recovering to finish the month above USD $90,000. The report attributed this to Bitcoin’s perception as a “digital gold” and a hedge against widespread economic risks, further reinforcing its position as a…
