Bitcoin Dominance Increases as Halving Nears and BTC Price Lingers Near $61K

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BTC dominance is creeping upwards as Layer-1s and Artificial Intelligence tokens had a rough week, while Google search interest in the halving skyrockets.

has become more dominant in the crypto market thanks to impending halving and broader market risk aversion, despite the price correctionWhile bitcoin might be having a challenging moment, layer-1s and altcoins are doing worse. Top layer-1 tokens like Solana’s, continued with some of the largest AI tokens down double digits during the last week. Render's RNDR is down 13%, andmoving up. Bitcoin dominance helps traders gauge the market mood and the token's influence on altcoin trends.

19%, up around 1.35% in the last week or 2.5% in the last month.According to Google search trends data, there has been more search interest in the halving than in Ethereum, solana, or dogecoin.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.

 

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