“BTC got the store-of-value narrative back after multiple U.S. banks failed in mid-March. Since then, BTC’s dominance rate has been rising,” Dubai-based crypto analyst and trader Reetika Malik said. Dominance rate is now at a “multiyear resistance” that has capped the upside in the past, meaning ether and other coins could soon outshine bitcoin, per Malik.
Source: https://www.coindesk.com/markets/2023/04/11/bitcoin-not-ether-is-becoming-more-dominant-in-crypto-market-ahead-of-ethereums-shanghai-upgrade/?utm_medium=referral&utm_source=rss&utm_campaign=headlines