The price of bitcoin has changed little over the past 24 hours, despite the asset’s notorious volatility causing the spot market to undulate from $54,565 to $57,043 during the session, a $2,478 swing, according to CoinDesk 20 price data.
Nevertheless, BTC has mostly stayed above $55,000 for almost a month. According to CoinDesk 20 historical data, the last time bitcoin closed below that level was back on March 26.
Since the start of April, bitcoin’s dominance, a measure of the asset against the broader crypto market as calculated by charting firm TradingView, has plummeted. It’s down almost 10% since April 1, and bitcoin is currently at 51% dominance as of press time, roughly half the market. At the beginning of 2021, that figure was over 70%.
Posted Using LeoFinance Beta
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