With the listing of Coinbase shares on the Nasdaq Stock Exchange, the crypto market reacted positively, as many digital currencies reached new peaks, including the largest of them in terms of total market capitalization, such as Bitcoin and Ethereum.

The price of Bitcoin (BTC) reached a new record high at $64,863 according to the “coinmarketcap” website.

After that, the largest cryptocurrency fell to the level of $62800-$63200.

The movement of Bitcoin and its volatility was not limited to its price, but the volatility movement extended to the percentage of Bitcoin’s dominance and acquisition of the market.

As the dominance of Bitcoin on the crypto market has fallen to less than 53%, the percentage is estimated at the time of writing this article at 52.8%.

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The pullback in bitcoin’s takeover contributed and helped push Ethereum to a new record high near $2500 (exactly $2489).

Bitcoin and Ethereum Reach New Highs:

We also discussed earlier on the Arab Bitcoin about the market movement and the Bitcoin recording to a new record, exceeding the $60,000 level, which suffered a little before it was breached.

Once the bitcoin broke through the $60,000 level, it did not last long to reach a new peak, breaking the previous figure of $61,800. After that, the bitcoin continued to reach $64,000 and failed to reach the $65,000 level, which is a psychological level.

The usual Bitcoin volatility did not allow the currency to stay long at its highest levels, as it fell at the time of writing this article to $ 62,755.

Despite the bullish week, Bitcoin’s market dominance continues to decline.

The takeover ratio comparing BTC’s market cap to all other cryptocurrencies fell below 53% for the first time in more than two years.

For comparison, Bitcoin’s dominance was much higher, estimated at 72% in early January 2021.

Ethereum with a target of $2500:

Most of the altcoins followed its leader and rose with his rise.

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BNB, ADA, Dogecoin, and Ethereum all set records.

Ethereum soared above $2,480.

But it failed to break above the $2,500 level so far and rebounded a bit to around $2,440.

The rise of Bitcoin, Ethereum and many other altcoins made the market capitalization of the crypto market as a whole reach a new record above $2.22 trillion.

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