Investing.com– Bitcoin surged to record highs past the $100,000 level this week on optimism over friendlier regulations under Donald Trump, although Citi warned that regulatory clarity may erode the coin’s dominance in crypto markets.
dominance is a gauge of the coin’s relative share of market capitalization in comparison to the broader crypto market. It hit a three-year high, at around 59%, in late-November, before falling sharply to 53.9% by Friday, data from Coinmarketcap showed.
Total (EPA:) crypto market capitalization hit a record high of $3.7 trillion on Thursday, driven chiefly by Bitcoin’s rally. The latest point of support came from Trump…
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