Bitcoin’s Dominance on the Rise as BTC Rebounds $6,000 in 2 Days (Market Watch)

The primary cryptocurrency continues its recovery by reaching $37,000. Bitcoin’s dominance over the market has also increased by a few percentages in days, even though the altcoins have also charted decent gains. Bitcoin’s Dominance Rises to 43% After failing to break above $37,000 a few days ago, BTC started to retrace heavily. In a matter of hours, it lost over $6,000 of value and bottomed at $31,000 – this became the lowest price tag in three weeks. However, the bulls stepped up at that point and recovered a few thousand…

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Bitcoin Dipped to $31K Before Crypto Markets Recovered $100 Billion (Market Watch)

After the latest massive price slump to a multi-week low, bitcoin has bounced off and recovered over $3,000 of value. While most altcoins have failed to produce any significant gains, Solana spiked by double-digits and has neared the top ten. Bitcoin Recovers $3K After a few days of sideways trading in which BTC stood around $37,000, the infamous volatility made its mark once again. As reported yesterday, bitcoin slumped by a few thousand dollars to below $34,000, but it only continued south. In the following hours, BTC dumped to around…

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Crypto is Not a Substitute for Gold but Copper: Goldman Sachs Head of Commodity Research

Jeff Currie – the Global Head of Commodities Research at Goldman Sachs – shared his thoughts on Bitcoin being a gold replacement. According to him, digital assets are substitutes for copper. From Gold to Copper In a recent CNBC interview, Jeff Currie warned that cryptocurrencies are risky and people should not consider them as a gold substitute. He opined that copper is a much more similar asset to be compared to digital assets: ”Digital currencies are not substitutes for gold. If anything they would be a substitute for copper. They…

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