Cryptocurrency research firm glassnode published a report stating that Bitcoin's market dominance is on the rise. After bottoming around 54% in December 2024, Bitcoin's dominance has surpassed 57% as of January 2025. This trend is similar to the 2020 cycle, where Bitcoin's dominance bottomed around 60% in November 2020 and then rose to 69% in January 2021 before starting to decline.
Viewpoint: Bitcoin may continue the 2020 cycle pattern
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