Last night the dominance of Bitcoin rose above 58%, and its price in Ethereum rose to the highest levels since 2021.
These are very high values, typical of a pre-bullrun period.
Bitcoin on Ethereum: dominance at all-time highs
Today the price of Bitcoin of Ethereum is around 25.5 ETH.
It had not been this high since April 2021, so much so that at the beginning of 2024 it was only at 18.7 ETH.
Even during the second part of the bullrun of the same 2021, it had dropped to the lowest levels of recent years, that is, below 12.3 ETH.
In other words, when the altseason of the first part of 2021 began, more or less around March/April, the price of Bitcoin in Ethereum started to fall, reaching its annual low shortly after the two cryptocurrencies marked new all-time highs of the era, at the end of the year.
At that point, there was a trend reversal that seems to be still ongoing.
It must be said, however, that until September 2022 that trend reversal was only temporary, and i
We współpracy z: https://en.cryptonomist.ch/2024/09/16/dominance-bitcoin-at-its-highest-over-ethereum-since-2021/
