Bitcoin's dominance may decrease due to friendlier regulations, Citi warns of potential erosion

From Investing.com

December 5, 2024 10:28 PM:

Bitcoin soared to over $100,000 on hopes of favorable regulations under Trump, but Citi warned of potential erosion in dominance. Bitcoin’s market share fell from 59% to 53.9%, while total crypto market cap hit $3.7 trillion. Trump’s SEC Chair nominee boosted the market. Citi sees regulatory clarity benefiting crypto, but warns Bitcoin may not gain as much as others. Bitcoin dropped from $100,000 to $97,000.

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