Bitcoin dominance has been dropped to 39.2% from 45%, market cap is $382 billion now, are we moving towards another bull run like Dec?
Crypto currency such as bitcoin can be used to buy goods without intermediaries, meaning less need of a bank. Although traditional banking systems may charge high transaction costs, bitcoin allows global transactions to take place at a lower cost. that's the reason why bitcoin is getting more dominant.
But if the price of Bitcoin goes up, then the price for transactions will be higher. We already saw this when the price for Bitcoin last year rose to 20,000 dollars.