Bitcoin (BTC) strikes hard: with a price flirting with $97,000 and a market dominance of 64.89%, the crypto queen reaches its highest level since 2021!

In a few months, Bitcoin's dominance has risen from 57.90% in December 2024 to nearly 65% this Saturday, its highest peak in 4 years. While BTC trades around $97,000, this progression marks a strong comeback of the king asset in a crypto market undergoing upheaval.

Crypto Queen Strikes Hard: Highest Market Dominance for Bitcoin Since 2021!

Get ready to be amazed as Bitcoin's price flirts with $97,000, while its market dominance reaches an astounding 64.89%. This marks the crypto queen's highest level since 2021!

As altcoins face serious setbacks and the macro environment remains tense, Bitcoin is showing impressive strength, crushing the competition and attracting significant capital.

At the beginning of the year, when Bitcoin was struggling to break through the $70,000 barrier, many analysts predicted a potential collapse of the entire crypto market. However, to everyone's surprise, BTC has not only managed to stay afloat but has also made a remarkable recovery, surpassing $90,000 and setting its sights even higher.

Meanwhile, altcoins have faced a more turbulent journey, with several prominent tokens like Ethereum, Binance Coin, and XRP losing over 50% of their value since the start of the year. This stark contrast highlights Bitcoin's enduring strength and ability to withstand market volatility.

Bitcoin: Market Dominance Reaches a 4-Year Peak

In just a few months, Bitcoin's dominance has surged from 57.90% in December 2024 to nearly 65% this Saturday, reaching its highest peak in 4 years.

With BTC trading around $97,000 and showing no signs of slowing down, it has become the main target for institutional and retail investors seeking refuge in a market that is increasingly defined by uncertainty.

Two Key Factors Explain This Spectacular Rise:

* Unique Resilience in an Uncertain Market:

Senior analyst at Trade Nation, David Morrison, attributes bitcoin's enduring strength to its first-mover advantage, more favorable regulation, and strictly limited supply, which attracts both institutional and retail investors.

"Bitcoin benefits from a first-mover advantage, more favorable regulation, and a strictly limited supply, which attracts both institutional and retail investors," Morrison explains.

Even during bearish periods, bitcoin shows an impressive ability to rebound, unlike many altcoins that are still struggling to regain their lost ground.

* Bitcoin ETF Attracts 4 Billion Dollars More Than Gold ETF This Week:

As institutional confidence in bitcoin continues to grow, we could see BTC dominance rise to 70% or more if this trend persists.

This week alone, the bitcoin ETF has attracted 4 billion dollars more than the gold ETF, highlighting the massive institutional interest in the crypto asset.

"The world's biggest bitcoin ETF attracted four times more money than the world's biggest gold ETF this week, with institutional investors continuing to pour money into the crypto asset," Morrison adds.

As bitcoin establishes its irreplaceable supremacy in the crypto market, its rapid rise has begun to worry some regulators. The Bank of Italy has issued a warning about the potential systemic risks of integrating BTC into national reserves.

This incredible surge in power fascinates some and could fundamentally alter the dynamics of global economic stability. Stay tuned for more updates on this remarkable journey of the crypto queen!

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The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.