May 19, 2024
Altcoin News

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

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.... Read More: Bitcoin Dominance Reaches Two-Year High Amid Regulatory Challenges for Altcoins