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#BRETT Brett is ready to its all time high and makes $10 billion market cap.
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#BONK🔥🔥 Bonk is going to the sky within July. #BTCBreaksATH
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#pepe⚡ Tight your seat belt and see the ride of Pepe.
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#BTCBreaksATH Bitcoin soon $125000. Stay calm and cool.
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$BTC Bitcoin dominance steadily declined in April 2024 to below percent, amid rumors of central banks halting or potentially lowering interest rates in the future. Within the crypto world, this so-called "dominance" ratio is one of the oldest and most investigated metrics available. It measures the coin's market cap relative to the overall crypto market — effectively showing how strong Bitcoin compared to all the other cryptocurrencies that are not BTC, called "altcoins". Why dominance matters is because market caps of any crypto can change relatively quickly, either due to sudden price changes or a change of recorded trading volume. Essentially, the figure somewhat resembles a trading sentiment, revealing whether Bitcoin investors are responding to certain events or whether Bitcoin is losing out on functions offered by, for example, stablecoins or NFT tokens. The interpretation of the Bitcoin metric is not without its criticism. When first conceived, Bitcoin was the first cryptocurrency to be created and had a substantial market share within all cryptocurrencies? The overall share of stablecoins, such as Tether, as well as Ethereum increasingly start to resemble that of Bitcoin, however. Some analysts argue against this comparison. For one, they point towards the large influence of trading activity between Bitcoin and Ethereum in the dominance metric. Second, they argue that stablecoins can be traded in for Bitcoin and Ethereum, essentially showing how much investors are willing to engage with "regular" cryptocurrency. #BTCBreaksATH
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