Bitcoin dominance falls to two-year low

This week, the cryptocurrency market capitalization reached $2 trillion for the first time. This happened against the backgrounda sharp increase in the price of many altcoins.

This week can be safely called “viola week”.In recent days, BTC has been trying to gain a foothold above $ 60,000 without much success. BTC fell to $ 55,000 on Wednesday. However, this did not stop the explosive growth of the altcoin market.

Ethereum and Binance Coin set new oneshistorical highs and are trading around them, and XRP was finally able to break through the $1 mark. Over the past 7 days, the price of XTZ has risen by 25%, the price of TRX by 35%, and BTT has risen by a whopping 55%, briefly cracking the top 10 by market cap. 

Even though on Saturday BTC againbroke through the $60,000 mark, the Bitcoin dominance index as of April 10 is at 55.0% – the lowest figure in the last 2 years. Ethereum now accounts for more than 12% of the entire crypto market capitalization.

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