Bitcoin Dominance Reaches Two-Year High Amid Regulatory Challenges for Altcoins

HOPEFULLY, BULL RUN IS COMING :rocket:

Bitcoin’s share of the overall crypto market capitalization, the so-called Bitcoin dominance, is nearing a two-year high amid a regulatory crackdown on altcoins and crypto companies in the US.

As of Friday at press time, the Bitcoin dominance stood at 47.8%, just below a short-lived peak from July of 2021 that reached 48.2%.

The steady rise in dominance seen this year comes as crypto companies have faced tougher scrutiny by regulators, particularly in the US.

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I think BTC. DOM maybe hit 55%

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Not good for altcoins

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