Bitcoin's Rally Continues and Filecoin Launches Virtual Machine
Mar 14, 2023
Market Update Crypto continued to rally today after CPI came in in-line today at 6.0% YoY. $BTC was up 7.08% today at the time of writing, and $ETH was up 5.17%. Traditional markets also rose, with SPX up 2.05% today, and NDQ up 2.45%. One of the more exciting developments we've seen this week is the massive outperformance of bitcoin over the rest of the market. This outperformance is represented in the bitcoin dominance ratio rising 5% this week to 45.55%, its highest level in almost a year. Much of what is driving this could be attributed to investors' interest in bitcoin reigniting when t