Bitcoin dominance reached 53.68% yesterday.
This is the ℎ𝑖𝑔ℎ𝑒𝑠𝑡 𝑙𝑒𝑣𝑒𝑙 𝑖𝑛 𝑡ℎ𝑟𝑒𝑒 𝑦𝑒𝑎𝑟𝑠 since April 2021.
𝐖𝐡𝐚𝐭 𝐝𝐨𝐞𝐬 𝐢𝐭 𝐦𝐞𝐚𝐧?
People are investing more in #Bitcoin compared to #altcoins.
This means one of two things.
1️⃣ Either $BTC is rising faster than altcoins or
2️⃣ Bitcoin is falling slower than altcoins.