Bitcoin is again at 50% market dominance, indicating that the cryptocurrency now accounts for half of the total crypto market cap, valued at $1.052 Trillion. According to data from Tradingview, Bitcoin’s total market dominance crossed above 50% yesterday, June 19, for the first time in months. The news of Bitcoin’s renewed dominance has driven much excitement across the crypto community, with many speculating on the reason for such market growth. However, one possible reason is the news of prominent global asset manager BlackRock filing for a Bitcoin Exchange Traded Fund (ETF) with the United States Securities and Exchange Commission (SEC).
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Author: coinmaker