Image is a screenshot from my phone
Hi guys, I know for sure you are all having a great day because of our beloved Bitcoin has once again touched the $30k mark and that too for five days straight. From 09.04.2023 the BTC was going up from a low point of $27,800 and continued it's path to $30k. From there the up trend started and continued to 12.04.2023, wherein maybe because the CPI (Consumer Price Index) had performed with less actuals of 0.1%. CPI is a type of inflation which we consider before trade and it's previous performance was 0.4%, due to the decrease of 0.3% from its previous closing the traders came forward to buy with the trend that the Bitcoin had already set to achieve. You can see that day CPI information on forexfactory's crypto calander information by using the link below.
https://www.cryptocraft.com/#detail-all=129665
On that day BTC has opened with it's price tag at $30,200 and gone high upto $30,486 and lowered upto $29,637 and atlast closing at a price of $29,888 for that day. All may had thought it's a one or two day stunt. But, the BTC proved them wrong and again on 13.04.2023 BTC is above $30k mark. But on 14.04.2023 BTC touched $31k mark and mesmerized everyone. On that day BTC high and low prices are above $30k maybe because Ethereum Shapella Upgrade and the parade continued until 16.04.2023. The only sad part was that there were no major fluctuations.
Dominance of BTC
Every time the Crypto giant price goes up, the major and alt coins also follows in the same path. That is the dominance of our BTC. There is picture of BTC dominance which shows effect of BTC on other coins. See for yourself. It's and old picture and i do not have the source for it. But it clearly shows the Bitcoin price variations and its effects on altcoin and it's dominance in a year I think.
Hope you all like my article.