Bitcoin Dominance Rises as BTC Hits a Weekly High Above $64K: Market Watch

Bitcoin’s rather modest price revival that began yesterday continued earlier this morning as the asset climbed to $64,500 for the first time in just over a week.

Although it was stopped there, its daily performance is slightly more impressive than most altcoins, which is why its dominance over them has gradually increased.

BTC Dominance Jumps

The primary cryptocurrency began the previous business week on the wrong foot and was not really able to correct it. At the time, it traded above $65,000 before the bears stepped up and pushed it south to under $64,000. The two subsequent rebound attempts were halted at $64,400, and the following leg downs were quite painful. Especially the second one, which culminated on Friday, with a nosedive to a 10-day low of $62,500.

The bulls finally reemerged after this decline, but not in their full force. They helped bitcoin reclaim some ground to around $63,000, but lacked the power to push it further. The weekend was extremely stagnant as BTC spent it in a very tight range at around $63,000.

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