Bitcoin (BTC) Set to Become More Dominant Even as First Monthly Loss Since August Looms

The dominance rate looks north, having broken out of a sideways consolidation. (TradingView/CoinDesk)

As of the time of writing, bitcoin changed hands at $63,200, representing an 11% monthly loss, the first since August 2023, according to data source CoinDesk and TradingView. The CoinDesk 20 Index, a measure of the most liquid digital assets, traded nearly 20% lower for the month at 2,185 points.

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