CITIBANK: BITCOIN'S DOMINANCE AT RISK DUE TO THESE MEASURES

Tina Collins

09 Dec 2024 — 1 min read

CITIBANK: BITCOIN'S DOMINANCE AT RISK DUE TO THESE MEASURES

Bitcoin's Dominance Decline: Citibank warns Bitcoin's market share could drop due to clearer regulations.

Bitcoin’s Recent Surge: It recently passed $100,000, partly because of favorable regulatory expectations under Donald Trump.

Regulatory Impact: Clearer rules may encourage broader use of blockchain assets, reducing Bitcoin's unique status.

Current Market Trends:

Bitcoin's dominance fell from 59% to 53.9%.

Total digital asset market value hit $3.7 trillion.

Broader Adoption: Regulations could lead to more adoption of other blockchain technologies, impacting Bitcoin’s market position.

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CHINA: RETAIL SALES AND INDUSTRIAL PRODUCTION BEAT EXPECTATIONS

GOLD PRICE SITS NEAR RECORD HIGH, CONTINUES TO DRAW SUPPORT FROM THE GLOBAL FLIGHT TO SAFETY

CHINA FEBRUARY 2025 NEW HOME PRICES FALL 4.9% YoY, 0.1% MoM

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