Bitcoin dominance spikes to 44% as price climbs back above $42,000
Rising Bitcoin dominance could spell trouble for alts, how will this play out?
Track crypto price watch updates, sharp market moves, key levels, and fast reactions to breaking developments across digital assets.
After recovering last week, bitcoin has again fallen down below $40,000 over the weekend. At the same time, funds keep moving out of exchanges, continuing a six months trend.
The debate between Bitcoin and Gold as a store of value heated up this weekend as Gold soars towards an all time high whilst Bitcoin drops below $40k.
Crypto prices remain volatile after concerns of Nuclear disaster in Europe subside. However, fighting around the Zaporizhzhia power plant may not be over causing uncertainty in the markets.
Nearly 420 million Luna worth $36 billion has been unstaked from pools since July 2021. Whilst the price of Luna rises, the truth is that investors have been pulling money from staking pools for months.
Bitcoin has seen a strong recovery from the lows last week, and BTC trading flat the past 24 hours. Traders and markets attention is now fixed on the war in Ukraine, while not many are looking at macro economy and inflation.
There are indications that Terra could flip its ATH judging by its recent price performance.