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Benzinga
Benzinga
Business
Khyathi Dalal

Bitcoin Dominance Nears 'Explosive Phase'—Here's What It Means For You

Ver Accused of Evading 2017 BTC Taxes

Bitcoin's (CRYPTO: BTC) weekend rally to $116,000 pushed its market dominance to 59% — a move that crypto analyst Benjamin Cowen says marks the start of an "explosive phase" for BTC dominance.

What Happened: Cowen noted Bitcoin dominance has risen steadily from 57% in early September to its current level, logging six straight weeks of gains.

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