Bitcoin Reclaims $1 Trillion Market Cap
Bitcoin has reclaimed a $1 trillion market cap and Bitcoin doinance is now at a two-month high. Price this morning is also $54595. Looking nice out there!
Bitcoin Reclaims $1 Trillion Market Cap: BTC Dominance at Two-Month High (Market Watch)
“October continues to be a highly favorable month for bitcoin, at least for now. The primary cryptocurrency sat at just over $43,000 at the start of it, but in the first few days alone jumped to around $48,000, where it stood for a while.
After a brief $1,000 retracement, it went on a roll again and touched $50,000 for the first time since early September. This time, though, it broke above the level and neared $52,000, as reported yesterday.
The bulls were not done yet, as they kept pushing the asset north. This resulted in another impressive surge that took BTC to a daily high of just under $56,000. This became bitcoin’s highest price tag since mid-May.
Despite retracing with a few thousand dollars since then, the cryptocurrency’s market capitalization is still well above $1 trillion. Moreover, it has increased its dominance over the altcoins to nearly 45%, which is a two-month high.”