Bitcoin's dominance rate has reached a 3-year high, with the flagship cryptocurrency now accounting for over 69% of the total crypto market cap. This surge in dominance comes as a result of the recent market downturn, which has led to a flight to safety for investors. As the crypto market continues to evolve, it's essential to keep a close eye on this metric to gauge the overall health and direction of the market.

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Bitcoin's dominance rising shows its strength as a safe haven asset in times of market uncertainty. Monitoring this trend is crucial for understanding market dynamics.