Bitcoin probably benefitted from haven flows stemming from the unease about the health of the dominant cryptocurrency exchange Binance. The cryptocurrency’s dominance rate, or the share in the crypto market, rose to 41.4%, the highest since Oct. 29. Historically, traders have piled into bitcoin, lifting its dominance rate during times of stress in the broader market.
Source: https://www.coindesk.com/markets/2022/12/13/bitcoin-hits-one-month-high-ahead-of-us-inflation/?utm_medium=referral&utm_source=rss&utm_campaign=headlines