Crypto traders are in risk-on mode as bitcoin (BTC) dominance nears return to 60%

Crypto traders are in risk-on mode as bitcoin (BTC) dominance nears return to 60%

Bitcoin dominance is closing in on 60% while USDT's has slipped to 6.3%, pointing to a market growing more comfortable with risk.

Crypto Traders Shift to Risk-On Mode; Bitcoin Dominance Nears 60%

TL;DR Bitcoin surpassed $86,000 with a 3.6% gain, and its dominance in the crypto market is approaching 60% for the first time in months. USDT’s market share fell to 6.3%, a signal that traders are exiting cash positions to take on more risk. Open interest in BTC rose to $22.4 billion and funding rates climbed ...

Crypto traders are in risk-on mode as bitcoin dominance nears return to 60%

Bitcoin dominance is closing in on 60% while USDT's has slipped to 6.3%, pointing to a market growing more comfortable with risk.