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Bitcoin breaks above 31K to set a new high in 2023 while continuing to dominate alt coins

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by COINS NEWS 79 Views

Bitcoin breaks above 31K to set a new high in 2023 while continuing to dominate alt coins

Bitcoin is very bullish as everyone is somehow applying for Bitcoin ETF at the same time and Bitcoin is pumping off of all the good news. Three positive pieces of News for all of us Bitcoin holders.

(1) Bitcoin breaks 31K and set a new high in 2023!

Bitcoin just broke the high of $31K set on April 14 2023.

https://preview.redd.it/vaje9chxhs7b1.png?1875&format=png&auto=webp&s=46839226af1c68ced5d3a1e5cfba6c17dd79e126

(2) Bitcoin is looking to close above $30250, which means that today should be the highest yearly close!

The highest yearly close happened on 14 April 2023. After that, Bitcoin saw a correction to $25K. Let's hope higher prices are on the menu this time.

(3) Bitcoin continues gaining dominance relative to alt coins.

Bitcoin currently has 52% dominance, meaning that 52% of the total market cap of crypto is invested in Bitcoin. The last time Bitcoin dominance was so high is over two years ago, during April 2021.

https://preview.redd.it/8iflg4m4is7b1.png?1865&format=png&auto=webp&s=69234e373d25b28f4afe6024c0e123427119d79e

Wow. Grandpa is showing amazing strength and is really taking the lead, as it should do during a new impulse. 100K EOY 2021 back on the menu? Maybe we will see alts catch up a bit soon.

submitted by /u/Beyonderr
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