“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.
China’s Leading Blockchain Advocate Faces Investigation
Yao Qian, a prominent ‘pro-blockchain official’ in China, is under investigation by Chinese authorities for undisclosed “violations of law.” The...