June 20 (Cointime) - According to TradingView data, Bitcoin's market capitalization has once again surpassed that of all other cryptocurrencies combined, with the site's BTC dominance metric rising above 50% on Monday for the first time since May 2021. This comes after a decline in Bitcoin's price due to China's ban on crypto mining and Tesla distancing itself from the asset over environmental concerns. Other altcoins, including Ethereum, Cardano, Solana, and Polygon, have suffered relative to Bitcoin following a US regulator's lawsuit against Coinbase alleging that they are unregistered securities. However, Bitcoin's dominance is expected to continue growing as regulatory clarity eliminates confusion and anxiety among institutional investors.
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