Bitcoin Dominance Hits 174-Week High Amid Market Meltdown

Crypto markets crashed over the weekend, erasing hundreds of billions in value. Bitcoin dominance records a new yearly high during the market chaos.  Observers cite various reasons for the crypto crash, including the Bank of Japan's hawkish shift. Bitcoin dominance is a key cryptocurrency metric that refers to BTC’s market cap relative to the entire crypto ecosystem. This indicator often serves as a barometer for investor sentiment, with higher dominance typically suggesting a shift towards perceived safety in the volatile digital asset space. Over the past 24 hours, the crypto market has seen a significant downturn, losing $360 billion

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