Weekly Bitcoin Review
Bitcoin dominance waning The price of Bitcoin has seen a solid recovery over the last week. It currently sits around $51,200. Yet other assets have once again outperformed Bitcoin this week. Cardano (ADA) is up 23% this week, Polygon (MATIC) is up 25% in the week, and Polkadot (DOT) price is up over 30%. In contrast, Bitcoin price is up 9% this week, which is still nothing to scoff at. This does show that coins on smaller networks are beginning to gain more traction, lowering the dominance Bitcoin has shown over the cryptocurrency market for its entire run. However, this is not due to a lack of people buying or using Bitcoin, but is instead due to investors chasing where the newest money is. Many are looking for the next Bitcoin after seeing the massive success the asset has seen in recent years. The efforts to make big money off of investments other than Bitcoin are not futile, but history has shown to never bet against it. While there are going to be other tokens and networks that see massive success, there will only ever be one Bitcoin. Salvadorans having wallet issues Issues with the Chivo wallet in El Salvador have continued to