Bitcoin: Volatility and New Prospects

🟡Today’s cryptocurrency market experienced a sharp increase in volatility. Bitcoin dropped by approximately 4% within hours, falling to $95,000. The market’s reaction was triggered by a glitch on TradingView, where Bitcoin’s dominance index temporarily fell to zero. Although the error was quickly resolved, it caused panic exacerbated by the liquidation of $33 million in long positions on the futures market.

🟡Bitcoin’s dominance index, which recently peaked at 61.5%, continues to decline, fueling expectations of an altcoin season. Simultaneously, Russia has legalized the use of cryptocurrencies for international payments. According to Finance Minister Anton Siluanov, this move is a strategic effort to mitigate the impact of sanctions.