“Bitcoin’s Increasing Dominance: A Positive Sign for Market Revival”
Blockchain Analytics Firm Santiment Reports Bitcoin’s 6% Drop in March
Blockchain analytics firm Santiment has reported that Bitcoin (BTC) has experienced a 6% drop in March. Despite this, the cryptocurrency market leader is still outperforming most of the altcoins that are currently available. According to Santiment, investors and traders will focus on Bitcoin when the market gives up some of its gains during the months of January and February. One of the most important indicators of when the market has started to rebound is when there is an increase in the social dominance of Bitcoin. Santiment’s tweet also revealed that Bitcoin Cash’s social dominance had reached its highest level since September 2022, which could lead to a resurgence in the cryptocurrency market in the coming days.