Bitcoin dominance hits 3-year high as BTC price dip pressures altcoins

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Bitcoin scores an accidental multi-year high as BTC price volatility sends altcoins shooting lower.

Bitcoin (BTC) market cap dominance has hit its highest level in three years as altcoins feel renewed price pressure.

Data from Cointelegraph Markets Pro and TradingView shows Bitcoin’s share of the total crypto market cap spiking to 56.3% on April 12.

BTC price action suffered into the weekend with a liquidation cascade bringing BTC/USD below $65,300.

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