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Bitcoin and crypto rally back over $1 trillion market cap

Bitcoin has shot above $22,000, and most of the altcoins have followed suit and surged up today.
The move has followed a month-long period of sideways action, and has tipped the combined cryptocurrency market cap back over $1 trillion in value.
Bitcoin dominance is up 0.5% so far today, but the chart tells us that this might be another retest of a rising trendline that has been in play since mid-January.
Unless bitcoin dominance breaks back over this trendline then we could see altcoins start to gain ground and dominance start to recede.
Whether the crypto rally has been caused by SEC chairman Gary Gensler’s remarks that crypto could be exempt from some regulatory rules, or whether it’s just that crypto is following the current upsurge in traditional markets, this rally has given some very welcome relief indeed.

Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by TokenAround.

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