According to recent reports from COINOTAG News, the U.S. stock market showed positive movement on February 5th, with the three main indexes all closing higher. This follows a notable V-shaped recovery from earlier losses, primarily fueled by robust **corporate earnings** that have significantly lifted **investor sentiment**. The Dow Jones Industrial Average gained **0.3%**, the S&P 500 increased by **0.72%**, and the Nasdaq composite surged by **1.35%**. Notably, major technology stocks such as **Apple**, **Tesla**, and **Google** saw increases exceeding **2%**. Amid these positive stock outcomes, the **cryptocurrency market** faced challenges, particularly with **Bitcoin** struggling to maintain its position above $100,000 before retreating to approximately **$96,000**. This decline can be attributed to uncertainties arising from trade tensions between **China and the U.S.** and the lack of clarity surrounding U.S. **Bitcoin reserves**. Meanwhile, the market dominance of Bitcoin has notably risen to **61%**, reflecting a shift in investment from **altcoins** back to Bitcoin, as investors stay alert to upcoming U.S. **non-farm payroll data** and **Federal Reserve** discussions.
Source: https://en.coinotag.com/breakingnews/bitcoins-market-dominance-reaches-four-year-high-amid-volatile-crypto-market/