Bitcoin Dominance Hits Four-Year High As BTC Price Tops $97,000
Bitcoin's market dominance reached 64.89%, the highest since January 2021, with a price peak of $97,000. This dominance increased from 57.90% at the year's start and fell to 55% by early December due to altcoin surges following Donald Trump's election. Investor sentiment shifted negatively with tariff implementations, impacting altcoins more than Bitcoin. As of now, Bitcoin's price is slightly lower at $96,947, still close to its all-time high of $108,786. Altcoins like Ethereum, Solana, and Dogecoin have seen declines of 54%, 43%, and 61%, respectively. Bitcoin's appeal stems from its limited supply and regulatory advantages, attracting institutional investment. Recent ETF flows indicate strong institutional demand for Bitcoin over gold. Future changes in U.S.-China trade relations could affect Bitcoin's dominance, potentially leading to a more bullish market for altcoins.
