Bitcoin (BTC) is rapidly regaining its lost dominance in the crypto market so far into 2023.
On Jan. 30, Bitcoin accounted for 44.82% of the total crypto market capitalization, the highest since June 2022. In September 2022, Bitcoin’s dominance index was as low as 38.84%.
The index typically rises when most crypto investors reduce their exposure to smaller tokens and seek safety in Bitcoin. The reasons include Bitcoin’s better liquidity and lower volatility than alternative cryptocurrencies,…
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