In December, Bitcoin outperformed the native tokens of the Solana, Ethereum, Polkadot, Binance, and Cosmos ecosystems, according to data analyzed by CryptoSlate.
Bitcoin dominance (BTC.D) has also begun trending upward this month. The chart below shows BTC.D starting December at 39.9% and moving progressively higher. The current reading is 41.5% – a seven-week high.
Source: BTC.D on TradingView.com
Bitcoin beats large caps
Since December opened, Bitcoin has traded within a tight range between $16,790 and $17,400.
Following the release of better-than-expected U.S. Consumer Price Index (CPI) data on Dec. 13, BTC broke out of this range, spiking to $18,000, but giving up some of those gains, closing the day at $17,800.
Dec. 14 has seen the leading cryptocurrency build on the momentum, hitting a peak price of $18,130 so far. However, with uncertainty reigning, particularly with regard to the macro outlook going into the holiday season, none of this should be taken as a confirmed reversal
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