“Bitcoin’s rally is part of a larger trend signaling a shift towards bitcoin as a distinctly strong and established store of value,” shared Alex Adelman, CEO of bitcoin rewards app Lolli, in an email. “Bitcoin’s recent climb to over 50% market dominance in the crypto markets reflects a growing demand for bitcoin among institutional and retail investors as a highly secure, decentralized holding that has proven its value over time.”
Source: https://www.coindesk.com/markets/2023/06/22/bitcoins-price-bump-to-30k-sees-short-traders-nurse-biggest-loss-in-2-months/?utm_medium=referral&utm_source=rss&utm_campaign=headlines