CoinDesk reported:
“Bitcoin has been the recipient of most of these positive catalysts, and BTC dominance is now the highest it has been since early 2021, with the bellwether digital asset grabbing market share from ETH and stablecoins,” added David Lo, Bybit’s head of financial products in a Telegram message. “However, there may be some selling pressure on the horizon for GBTC as the discount gap narrows; there may be some who bought at the lows of 40% discount looking to sell into these prices.”