This year, Bitcoin’s dominance has climbed by 15%, and dropping prices are terrible news for altcoins. Analysts believe memecoin pumping is a sign that the peak has passed. Bitcoin’s dominance has reached a two-year high, but it has suffered a minor setback today. Following the rise in BTC dominance, crypto trader @DrProfitCrypto advised caution with regard to altcoins. Bitcoin’s dominance has harmed altcoins, with BTC prices remaining stuck around $28,000 for more than a month and failing to break through barrier over $30,000. The Bitcoin fear and greed index is still flashing a ‘green’ signal at 63, and memecoin madness indicates that the rise has peaked. On the day, cryptocurrency markets fell 1.8%. News Sorce

This month, the House has been busy with a series of congressional hearings on topics such as stablecoins, spot markets, and token classification. Representatives from the Financial Services and Agriculture Committees’ Digital Asset subcommittees heard from industry representatives and financial professionals about the challenges that arise when attempting to police the crypto business. Both committees are led by Republicans, but party lines remain visible throughout the House. The House Agriculture and Financial Services Committees will host a joint hearing on digital assets next month. Rep. French Hill, R-Ark., and ranking member Maxine Waters, D-Cali., are opposed to a draught bill for stablecoins. This month, the House has been busy with a series of congressional hearings on topics such as stablecoins, spot markets, and token classification. Representatives from the Financial Services and Agriculture Committees’ Digital Asset subcommittees heard from industry representatives and financial professionals about the challenges that arise when attempting to police the crypto business. Both committees are led by Republicans, but party lines remain visible throughout the House. The House Agriculture and Financial Services Committees will host a joint hearing on digital assets next month. Rep. French Hill, R-Ark., and ranking member Maxine Waters, D-Cali., are opposed to a draught bill for stablecoins. News Sorce