Bitcoin Dominance Surges Amidst Price Stability, Altcoins Dip

While Bitcoin’s price experienced volatility this week with a brief flash crash, it has stabilized at around $84,000. Despite the fluctuations, BTC dominance on the market is steadily increasing, rising above 60% – an impressive jump of over 1.5% compared to last week. This rise in dominance comes after Bitcoin’s price hit a multi-week high of $88,800 before falling back slightly. Market data shows that prices were as low as $81,200 on some exchanges but rallied to above $85,000 recently.