In the cryptocurrency market, Bitcoin’s (BTC ($83,060.90)) market share has reached a new record of 61.2%. According to Matrixport’s report, Bitcoin’s dominance rapidly increased from 54% last December following a brief rally in altcoins. Experts emphasize that the Federal Reserve’s unexpected harsh statements and uncertainty around inflation data have redirected investors from altcoins back to Bitcoin $83,324. Despite hitting a historic peak of over $109,000 in December, Bitcoin is currently trading below the $85,000 threshold.
Altcoin Rally Disappoints Cryptocurrency Investors
The altcoin rally that began in November of last year was disrupted by strong employment data in the U.S. and the Fed…

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