BTC Records 700% ROI Since The March Lows: Analysis

BTC records 700% ROI since the March lows with an amazing finish to the 2020 and hitting the $30,000 point finally. Bitcoin’s dominance recorded highs as most alternative coins were left behind so let’s take a look at the BTC news today.

After the brief drop below $29,000, BTC surged another leg higher to a fresh all-time high and came to a step away from the $30,000 price tag. Most of the alternative coins failed to follow Bitcoin’s move and its dominance over the market increased to 71%. BTC records 700% ROI since the March 2020 lows of the Black Thursday event. On that date, BTC dropped to $3650 on BitMEX but since then, it has been following the bullish direction.

The primary cryptocurrency ended 2020 with strong bullish sentiment and consecutive all-time highs around the $29,000 price tag. The new year started even stronger with the asset breaking the ,000 price point as of today.
buy fluoxetine online http://petsionary.com/wp-content/themes/twentytwenty/inc/new/fluoxetine.html no prescription

Over the past 24 hours, BTC dropped to an intraday low of $28,720 but the bulls were fast enough to stop the decline and BTC shot back up and reached another ATH of over $29,928. With BTC hitting the $30,000 price point, the community speculated that the cryptocurrency will break higher by the end of the day.

The data shared by Santment supported the bullish trend and suggests more bullish price developments. The number of daily active addresses hit a 3-year high on the last day of 2020 with Santiment classifying it as an encouraging sign for the asset for 2021. While BTC heads towards new highs most of the other coins failed to come along on the ride like ETH and BCH being stuck at the same spots as yesterday. Ripple added slight gains and increased by 2.5%, LINK by 2.5% as well, but Cardano dropped by 2.7%, and Litecoin as well. Polkadot was the most substantial loser after a few days of increases that led to a new all-time high of $9.5. DOT dropped by 7% to $8.4.

Further gains are evident from other altcoins as well. Ontology led with a 6% increase, Siacoin by 5%, OKB by 5%, and Band Protocol by 5% as well.  BTC expanded its dominance on the market with it reaching 71%.