Bitcoin is becoming increasingly dominant in the crypto market and is growing in importance compared to U.S. Treasuries. The value of Bitcoin compared to the iShares 20+ Year Treasury Bond ETF has increased significantly, indicating that investors may be looking for higher returns and taking on more risk. U.S. Treasuries are considered safe assets, but rising interest rates and economic uncertainty may be causing investors to move towards Bitcoin. The rally in Bitcoin has also led to its dominance in the cryptocurrency market reaching a new high. This could indicate a risk-off move among crypto investors, as they focus on Bitcoin ahead of the U.S. election.



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