According to NYDIG, BTC dominance briefly climbed above 60% in early November and is now holding around 59%. That means capital is consolidating into Bitcoin during the current market drawdown — money is flowing out of riskier assets and back into the “main engine” of the crypto market.
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Bitcoin dominance is back on the throne
According to NYDIG, BTC dominance briefly climbed above 60% in early November and is now holding around 59%.
That means capital is consolidating into Bitcoin during the current market drawdown — money is flowing out of riskier assets and back into the “main engine” of the crypto market.