Bitcoin reaches 50% market dominance for first time in 2 years

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“Bitcoin is the universally, globally-acknowledged digital commodity in this industry,” Saylor added, making a nod to the fact that Bitcoin is the only cryptocurrency SEC Chair Gary Gensler has labeled a commodity. The SEC has now declared a total of 68 cryptocurrencies to be securities.

Bitcoin is currently changing hands for $26,746 an increase of 1.5% in the last 24 hours, according to data from Cointelegraph Price Index. The value of Bitcoin has grown more than 3% over the course of the last week despite “fear” in the crypto market reaching its highest point in three months.

Crypto research firm Santiment also points to investment colossus Blackrock’s filing for a Bitcoin spot ETF as one of the major drivers of Bitcoin’s upwards price action over the last few days.

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