Crypto prices rebound from selloff as Bitcoin dominance hits three-year high | Headlines | News | CoinMarketCap
04/14/2024 23:27
Bitcoin's dominance over all other cryptocurrencies has hit its highest value in three years following crypto's mild recovery from yesterday's sharp …
Bitcoin's dominance over all other cryptocurrencies has hit its highest value in three years following crypto's mild recovery from yesterday's sharp selloff, which was sparked by the news of an impending Iranian attack against Israel.
The Block's GMCI 30 Index has recovered about 6% from yesterday's low point, which saw a speedy selloff following the news of the attack, which Israel said it thwarted.
Following the recovery, according to The Block's data dashboard, Bitcoin now commands nearly 53% of the crypto market, the most since early April 2021 and more than every other cryptocurrency combined.
Surveying the one-day performance of the top 20 cryptocurrencies by market cap shows that Bitcoin had one of the strongest recoveries from yesterday's selloff, …