Coinspeaker
Bitcoin ETFs’ Third Week of Inflows Comes with Increasing BTC Dominance
Bitcoin
BTC
$96 611
24h volatility:
2.1%
Market cap:
$1.92 T
Vol. 24h:
$29.09 B
is facing consolidation below the $95,000 mark while its market dominance has been consistently increasing.
The largest cryptocurrency is currently trading at $94,450. The BTC price chart shows a consistent decline between May 2 and 5. This is usually a sign of an overheated market.
According to data from CoinMarketCap, Bitcoin’s price fall came while its market dominance increased by 1.9%, reaching 63.9% — a level last seen in early January 2021.
This movement could suggest that altcoins have been falling deeper than Bitcoin, hinting at lower price
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