Analyst: BTC's dominance in the crypto market is rising, performing behind gold but is regaining its footing

ChainCatcher news, analyst James Van Straten stated that the US dollar, which usually strengthens in a risk-off environment, is currently weakening as capital flows into the yen and euro. In this new landscape, alternative assets are taking center stage. Gold has surged to $3,500 per ounce for the first time, solidifying its status as a safe-haven asset. The rapid growth of gold is reflected in the fact that this year, the market value of gold has increased by about $6 trillion, three times the historical peak market value of Bitcoin (BTC). However, while Bitcoin's market performance has lagged behind gold, it is also regaining its footing, with its dominance in the cryptocurrency market reaching new highs and beginning to diverge from US tech stocks. This Friday, $6.7 billion worth of Bitcoin options are set to expire, including $330 million in call options with a strike price of $100,000, which may lead to volatility in the last week of April.