Bitcoin is now about 62% of the total crypto market, its highest level since February 2021. In the form of altcoins conflict, traders are closely looking at the value movement of BTC, especially $ 102,000 cme gap – a significant level for potential inverter.
By February 3, the dominance of the bitcoin (BTC) market has climbed up to 62%, marking its highest level since February 2021. BTC Market Dominance measured the share of total cryptocurrency market cap according to bitcoin. An dominance of 62% indicates that BTC makes the wholesale of the market, which leaves ultcoin with scrap.
In February 2021, Tesla announced an investment of $ 1.5 billion in BTC and committed to accept it for payment, leading to the price to rise above $ 44,000, according to which according to it Roots,
This pace continued throughout the year, inspired by increasing adoption between businesses and organizations, finally in November 2021, the BTC price lasted at $ 68,000.
The recent decline has been explained mainly with fear of anxiety arising out of a global economic recession and Trump’s tariff policies against Mexico, Canada and China. This market recession has affected the large ultcoin market.
BTC’s ‘Kimchi Premium’, the price gap between BTC in South Korea vs. global markets, is now 12%in three years. It throws light on the strong demand for bitcoin in South Korea despite the disturbance of the market.
CME Gap and Bitcoin Dominance
For traders, the cme difference is an important level to look at $ 102,436, calling a leading opinion leader Cryptovarwar in Crypto Space. The CME interval occurs when the price of BTC takes an important step, while the CME futures market is below. Historically, the BTC goes to fill these gaps in the weekend, which becomes an important area of interest for traders, which is in search of value uplift or improvement.
While the dominance of BTC is strong, several February 2025 predicts the upcoming Altcoin season, which is similar to the previous market cycles.
