Mt. Gox Effect? Bitcoin’s (BTC) Dominance Rate Registers Biggest Drop in 5 Months

BTC’s dominance, or share of total crypto market value, fell by 1.8% to 54.34%, the biggest single-day percentage decline since Jan. 12, according to charting platform TradingView. In other words, investors likely pulled money from bitcoin faster than from its peers. The cryptocurrency’s price fell nearly 5%, hitting lows under $59,000 at one point, CoinDesk data show.

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