With Bitcoin's movement in recent days, the dominance has continued to rise and reached a new three-year high.
✅️ Bitcoin's dominance is strongly supported by the focus of investors and institutions on buying and accumulating the currency.
✅️ The movement of large institutions like BlackRock to purchase large amounts of Bitcoin in a short period naturally affects the decisions of small traders and drives them to pay attention to Bitcoin over others, and this is exactly what happened.
✅️ The trend of countries towards adopting reserves of Bitcoin and some other major currencies is a significant driver to convert investor portfolios to Bitcoin only.
🔥 The current market situation is governed by news and events occurring on the ground, and a negative chart alone is not enough for a correction to happen.
🔥 Altcoins are still suffering, so make sure to choose currencies that can adapt to the situation and achieve profits.