Bitcoin Dominance Soars to Bear Market High of 51%

TL;DR

• Bitcoin’s price rose on Monday, adding $30 billion to the crypto market.
• Bitcoin’s dominance, a measure of its market share, reached a 31-month high, indicating strength.
• This surge is attributed to renewed interest in Bitcoin’s fundamentals, institutional support, and reduced selling pressure, solidifying its position in the cryptocurrency market.

Bitcoin leaped 2% early Monday, adding $30 billion to crypto market caps. But here’s another potentially bullish portent for BTC: according to data from TradingView, Bitcoin dominance just reached a 31-month high.