Bitcoin dominance nears 50% as research hails 'bullish' narrative flip

Bitcoin dominance nears 50% as research hails ‘bullish’ narrative flip

The comedown of the past nine months has disappeared during this week’s bank-crisis-inspired Bitcoin price surge.

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Bitcoin (BTC) accounts for more of the total value of all cryptocurrencies than at any time since June 2022.

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In the latest knock-on effect from this week’s surge above $26,000, data from TradingView shows that Bitcoin market cap dominance is nearing 46% — its highest in nine months.

New dominance “spike” hints at trend change to come

Up almost 3% since the weekend alone, Bitcoin dominance shows a trend-setting move by the largest crypto asset reminiscent of classic bull cycles.

“Every Bitcoin bull market has commenced with a spike in BTC dominance (as has every bear market),” markets

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