Bitcoin, the world’s largest cryptocurrency by market capitalization, appears to be still struggling a week after the approval of spot BTC ETFs in the US. While the premier cryptocurrency failed to capitalize on this positive development, the price of Ethereum – the acclaimed king of altcoins – soared to new highs.
Interestingly, cryptocurrency analysts and pundits have been providing commentary on the future trajectory of Bitcoin and in relation to Ethereum and other cryptocurrencies. Michael van de Poppe, a popular crypto analyst on the X platform, has also offered insights into the dominance of BTC.
Is Bitcoin Dominance At Its Peak?
In a recent post on X, Michael van de Poppe put forward a hypothesis concerning the dominance of Bitcoin in the cryptocurrency market. The crypto analyst shared his prediction on the X platform, noting that the BTC Dominance (BTC.D) indicator is nearing its peak before the halving event in April.
Poppe claims that there is historical evidence suppo
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