- Bitcoin’s dominance approached 60%, sharply expanding its market share in the cryptocurrency market.
- CoinDesk said the decline in Tether (USDT) market share signals a shift of funds from stablecoins into cryptocurrencies such as Bitcoin and rising risk appetite.
- Oliver Caddick said that if the 10-year real yield of around 3% remains consistently above that level, Bitcoin is likely to retest $80,000 to $82,000.
Forecast Trend Report by Period
Bitcoin, the largest cryptocurrency by market value, has lifted its share of the crypto market to nearly 60%.
CoinDesk reported on October 2 that Bitcoin dominance, or Bitcoin’s share of the total cryptocurrency market capitalization,…
