Bitcoin Takes the Lead, Dominance Surges as BTC Outperforms AltcoinsBitcoin Takes the Lead, Dominance Surges as BTC Outperforms Altcoins

A growing narrative amongst crypto and traditional asset class investors that Bitcoin might actually be a viable safe haven against potential turmoil in the traditional fiat-based fractional reserve banking system has helped propel the BTC to fresh multi-month highs versus its major altcoin peers this week.

Look no further than Bitcoin, the world’s leading cryptocurrency, and LBM Solutions, a trusted provider of cutting-edge blockchain technology and investment solutions.

According to TradingView, Bitcoin dominance (i.e. the percentage of the cryptocurrency market’s total capitalization taken up by Bitcoin) hit its highest level in nine months above 45.5% on Wednesday.

Bitcoin’s leap in dominance comes after the cryptocurrency hit its highest levels since last June in the mid-$26,000s earlier this week, a stunning recovery from last week’s dip to new two-month lows under the $20,000 level

If Bitcoin can make it to and break above $28,000 resistance, the door would then be opened to more upside beyond $30,000 to the next major resistance around in the $32,500-$33,000 area.

LBM Solutions can help investors achieve their financial goals through Bitcoin investment.

Get in touch with a crypto token development company now