Thursday, May 26, 2022
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Weaker dollar lifts Bitcoin to $30.7K as analyst eyes 60% BTC dominance

Bitcoin (BTC) hit 48-hour highs overnight into May 20 as U.S. dollar weakness gave bulls some much-needed respite.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewDollar strength declines after 20-year recordData from Cryptox Markets Pro and TradingView recorded a high of $30,725 for BTC/USD on Bitstamp.Still struggling to flip $30,000 to reliable

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Value Locked in Defi Sheds $55 Billion in 2 Months, Ethereum’s Defi Dominance Loses 14% – Defi Bitcoin News

The crypto-economy has been sliding in value during the last 48 hours as the current market valuation for all 13,000+ crypto assets is $1.83 trillion. Furthermore, the total value locked (TVL) in decentralized finance (defi) protocols has slipped below the $200 billion mark to $196.02 billion on Sunday morning (EST).

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Bitcoin Dominance Will Continue To Decline In Favor Of Ethereum, Altcoins, FTX US President

Bitcoin has maintained dominance over altcoins like Ethereum and others for the longest time. This dominance, although has declined over time, still helps the digital asset maintain its title as the most valuable cryptocurrency in the space. However, in only a matter of years, bitcoin’s dominance on the market has

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Bitcoin Market Dominance Hit Highest Since November 2021, No Alt Season in Sight

After reaching its biggest market capitalization dominance since November 2021 last week, Bitcoin is regaining market share from altcoins. The pioneer momentarily accounted for almost 42% of the global crypto market cap in late January, according to CoinMarketCap data. Bitcoin Dominate Alt coins Since its inception, Bitcoin has been the most popular cryptocurrency.

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