Bitcoin's dominance is on the rise, reaching 46% of the total cryptocurrency market capitalization. This surge in dominance is largely attributed to the recent market volatility and the ongoing DeFi boom. As a result, the price of BTC has seen a significant increase, breaking above the $12,000 mark.

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This trend is a testament to Bitcoin's enduring appeal as a safe-haven asset. Its dominance is likely to continue as investors seek stability amidst the DeFi and market volatility.