BTC Dominance Falls Below 60% as Crypto and US Stocks Hit New Highs
Bitcoin
dominance has fallen below 60% for the first time since Feb. 1. This figure represents bitcoin’s share of the total cryptocurrency market capitalization.
Bitcoin’s market cap now stands at $2.39 trillion, while the overall cryptocurrency market has surged past $4 trillion, setting a new all-time high.
Ether (ETH) has been a key driver of the rally, climbing above $4,600. The last time bitcoin dominance was this low, Bitcoin’s price was under $100,000.
It is not just cryptocurrencies hitting records, U.S. stocks are also reaching new highs. Both the S&P 500 and Nasdaq 100 have set fresh records.
Meanwhile, the DXY index, which tracks the U.S. dollar against a basket of major currencies, has slipped back below 98, providing…
