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.