Bitcoin, which has been trading at the $ 29,000 limit for days, continued its upward movements with the opening of the Asian markets.
BTC, which has experienced a serious rise especially in the last 1 hour, has increased by about $ 900 and rose to $ 29,200.
With the rise of Bitcoin, altcoins also keep up with this rise, but it can be said that BTC has moved overwhelmingly. Because when we look at the Bitcoin dominance graph, it is seen that the money in the market flows to BTC and the dominance exceeds 48 percent. This value is the highest level since June 2022.
Looking at the data in the last 24 hours, the dominance of Bitcoin comes to the fore. While Bitcoin has gained over 6 percent in the last 24 hours, this value is around 2.2 percent in Ethereum.
With the current rise, the next resistance in Bitcoin will be the psychological limit of $ 30,000.
Although the lawsuit filed against Binance by the CFTC in recent days has caused fear in the crypto money market, it can be said that the bulls do not care about this news and increase their appetite for buying.
We recommend that you read our article on the similar case that happened to BitMEX in the past and what happened afterwards.