How Bitcoin Moved
After jumping to a record high of $126,200 — a rally driven by unprecedented corporate adoption — Bitcoin sharply retreated. Currently, the asset is trading near $70,000, down 3.45% since the beginning of the year. Despite this, Bitcoin's dominance has strengthened: it increased from 58.1% to 59.4% — evidence of a "flight to quality" within the crypto sector even during a downturn.
A significant portion of the growth from April to October was caused by the acceleration of BTC adoption by publicly traded companies. As the influx of new corporate participants began to dwindle, the momentum of the rally weakened, so this dynamic was clearly visible between August and November.$BTC
$ETH
$XRP
After jumping to a record high of $126,200 — a rally driven by unprecedented corporate adoption — Bitcoin sharply retreated. Currently, the asset is trading near $70,000, down 3.45% since the beginning of the year. Despite this, Bitcoin's dominance has strengthened: it increased from 58.1% to 59.4% — evidence of a "flight to quality" within the crypto sector even during a downturn.
A significant portion of the growth from April to October was caused by the acceleration of BTC adoption by publicly traded companies. As the influx of new corporate participants began to dwindle, the momentum of the rally weakened, so this dynamic was clearly visible between August and November.$BTC
$ETH
$XRP