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Bitcoin Eats the Competition: Dominance Hits 65% as Traders Flee to ’Digital Gold’
Bitcoin Eats the Competition: Dominance Hits 65% as Traders Flee to ’Digital Gold’
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Bitcoin just bulldozed its way to 65% market dominance—its highest level since the 2021 bull run. Altcoins? Left choking on the dust.
Why the rush to BTC? Three brutal truths:
1. ETF effect: Wall Street’s shiny new Bitcoin funds keep sucking capital away from riskier plays.
2. Regulatory roulette: SEC lawsuits against altcoin projects have traders sticking to the ’safe’ bet (relatively speaking).
3. Liquidity vacuum: When markets get shaky, everyone runs to the deepest pool—even if it’s a ’volatile’ $1.2 trillion asset.
Funny how the ’decentralized future’ still hinges on one 16-year-old blockchain. But hey, at least the bankers are finally playing along—for a 2% management fee, of course.
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