Bitcoin Price Retests $30,000 Level as Dominance Hits 3-Year High
Bitcoin has retested the $30,000 price level and is currently trading at $30,135, up by 1.47%. Its dominance in the market has also increased to 51.5%, the highest it has been in three years. This growth is attributed to the positive outlook of the market, the recent legal victory of Ripple against the SEC, and the expectation of spot ETF approval. The upcoming Bitcoin halving event is also seen as a potential trigger for its elevated dominance level.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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