Why Bitcoin Dominance Matters
Benjamin Cowen
Importance of Bitcoin Dominance
Bitcoin provides exposure to upside potential while minimizing downside risk.
- Bitcoin's daily performance is currently positive.
- Many altcoins, such as Ethereum, are not performing as well.
Comparison to Previous Prices
- Ethereum has fallen back to its August 2020 price.
- For Bitcoin to fall back to its August 2020 price, it would need to drop to around $50,000.