The world has been wrapped up with Facebook’s foray into crypto this week but bitcoin is still the undisputed king. Holding a market dominance of over 57%, BTC is rapidly reducing the gap back to its all-time high while most of the altcoins including Ethereum are still attempting to thaw from the crypto winter.
The recent run up to $9,400 reduced the gap from ATH down to just 53% for bitcoin. The king of crypto has defied all correction calls in recent weeks, powering through several levels of resistance.
Maybe the largest one yet lies at just above $9.5k so the next move will be critical for both BTC and the altcoins to the psychological resistance of $10,000 that many believ will trigger real FOMO.