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Bitcoin’s dominance rate surges after U.S. banking crisis

Bitcoin’s dominance rate surges after U.S. banking crisis

Since early March, the dominance rate has increased from 42% to 22-month highs near 49%, indicating the top cryptocurrency’s outperformance relative to the broader market.

Bitcoin’s growing market dominance amid the banking sector instability and the slide in banking stocks is evidence of the cryptocurrency’s strengthening appeal.

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