Why Is Bitcoin Dominance So Much Lower Than in Previous Bear Markets?

<p><em><span style="font-weight: 400;">This episode is sponsored by</span></em> <a href= "https://pro.nexo.io/?utm_source=coindesk&utm_medium=fixed&utm_campaign=coindesk_podcast_pro_oct22"> <em><span style= "font-weight: 400;">Nexo.io</span></em></a><em><span style= "font-weight: 400;">,</span></em> <a href= "https://www.circle.com/en/usdc/businesses"><em><span style= "font-weight: 400;">Circle</span></em></a> <em><span style= "font-weight: 400;">and</span></em> <a href= "https://www.kraken.com/breakdown"><em><span style= "font-weight: 400;">Kraken</span></em></a><em><span style= "font-weight: 400;">.</span></em></p> <p> </p> <p><span style="font-weight: 400;">On this episode of “Long Reads Sunday,” NLW reads Noelle Acheson’s “</span><a href= "https://www.coindesk.com/consensus-magazine/2022/12/06/btc-dominance-is-behaving-weirdly-and-thats-sort-of-good/"><span style="font-weight: 400;">BTC Dominance Is Behaving Weirdly, and That’s Sort of Good</span></a><span style="font-weight: 400;">” as well as comments from NLW’s</span> <a href= "https://twitter.com/nlw/status/1600673059735621632?s=20&t=LEtJJWTDb0nnWft1XgfgJw"> <span style="font-weight: 400;">Twitter thread</span></a> <span style="font-weight: 400;">on Bitcoin dominance. </span></p> <p><em><span style="font-weight: 400;">-</span></em></p> <p><a href= "https://nexo.io/wallet"><strong><em>Nexo</em></strong></a> <em><span style="font-weight: 400;">is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your funds and keeps innovating with products like the Nexo Wallet - a non-custodial smart wallet that allows you to create your Web3 identity. Get early access at</span></em> <a href="https://nexo.io/wallet"><em><span style= "font-weight: 400;">nexo.io/wallet</span></em></a><em><span style= "font-weight: 400;">.</span></em></p> <p><em><span style="font-weight: 400;">-</span></em></p> <p><a href= "https://www.circle.com/en/usdc/businesses"><strong><em>Circle</em></strong></a><em><span style="font-