(Kitco News) Bitcoin might come out of this crypto winter with a bigger market share as investors rotate back into the world's largest cryptocurrency from other altcoins, according to OSL's managing director and head of Americas Fernando Martinez.
Bitcoin is already the most recognizable cryptocurrency in the space. But following this bear market, it can gain even more dominance.
"We've seen a big rotation from altcoins into Bitcoin. Right now, Bitcoin is trading at more than 40% market dominance. And we expect that to continue to increase as we embrace this bear market," Martinez told Kitco News in a recent interview.
June was a terrible month for Bitcoin, which plunged 40% and ended the month below the $20,000 level. Since then, Bitcoin has steadied and risen above $23,000. However, the bear market is still in place as investors shift their focus from inflation to recession fears and more contagion risks in the crypto space.
"A lot of the active traders in Bitcoin are trading the...
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