Crypto Blog
The most recent price action of Bitcoin and the broader cryptocurrency markets reflects the disappointment in the most recent press conference held by the crypto and AI czar in the US – David Sacks. Markets are shaky and unconvincing, clearly suggesting that investors were expecting something more.After recovering above the pivotal psychological and, to some extent – technical level of $100,000, Bitcoin’s price tumbled yesterday.
Politics aside, Bitcoin’s dominance – the metric used to gauge its share relative to that of the rest of the market – is currently at a 4-year high, standing tall at 58%.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:Building on the above, the fact that Bitcoin’s dominance is that high simply means that altcoins are failing to keep up. This can be clearly observed in their weekly performance.While Bitcoin is down 4.
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