Bitcoin's market cap share reaches highest level since April 2021
According to Coinglass, long positions on centralized exchanges were worth more than $757 million on Saturday, but Bitcoin positions were only $261 million. While most crypto assets do fall into the "risky" category for traders, Bitcoin is arguably the risk-minimizing cryptocurrency, with the largest market capitalization and a proven track record of institutional adoption. Additionally, something like Dogcoin adds to the speculative nature, as Bitcoin's dominance (i.e., Bitcoin's market capitalization relative to the total market capitalization of all cryptocurrencies) jumped 52.86% from Friday's highs to Saturday's Sunday, its highest level since April 2021.
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