Bitcoin Claims Nearly 50% of $1 Trillion Crypto Market as Altcoins Witness Selling Frenzy

2023-6-12 21:33

Bitcoin’s Market Share Soars Close to 50% as Altcoin Meltdown Spurs Flight to Safety

Bitcoin (BTC) witnessed a significant surge in its dominance rate within the overall cryptocurrency market capitalization early on Saturday. Data from the charting platform TradingView reveals that BTC’s dominance rate nearly touched the 50% mark, marking its highest level since April 2021.

This upswing in Bitcoin’s dominance coincided with a sharp decline in alternative cryptocurrencies (altcoins) such as SOL, MATIC, DOGE, and ADA. These altcoins experienced substantial double-digit losses amidst rumors of a proprietary trading firm offloading a $2 billion portfolio.

In contrast, Bitcoin only experienced a modest 3% decline, indicating its relative resilience and potential status as a safe haven asset. Investors appeared to be moving their funds away from altcoins and towards Bitcoin, which remains the largest and most liquid cryptocurrency in the world.

Crypto trader and analyst @52kskew, who goes by a pseudonym, highlighted the notable increase in Bitcoin’s dominance amidst the altcoin market sell-off. They suggested that this trend could be an initial stage before larger market crashes occur.

BTC’s dominance rate has been steadily rising since November, with a significant surge observed during the U.S. banking crisis in March. This current breakout from a three-year oscillation pattern suggests that Bitcoin may continue to outperform other cryptocurrencies in the months to come, as stated by Lewis Harland from Decentral Park Capital.

Saturday’s risk aversion also appeared to benefit Tether, the largest stablecoin pegged to the U.S. dollar. Tether’s dominance rate saw a 5% jump, reaching 7.82%, marking its highest level since January 8, according to data from TradingView.

Сообщение Bitcoin Claims Nearly 50% of $1 Trillion Crypto Market as Altcoins Witness Selling Frenzy появились сначала на Coinstelegram.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Bitcoin (BTC) на Currencies.ru

$ 67271.43 (+0.10%)
Объем 24H $31.61b
Изменеия 24h: 0.68 %, 7d: 1.42 %
Cегодня L: $66639.77 - H: $67301.75
Капитализация $1344.896b Rank 1
Цена в час новости $ 25934.87 (159.39%)

bitcoin market surge significant btc witnessed dominance

Источник: coinstelegram.com

bitcoin market → Результатов: 126


Bitcoin On-Chain Data Indicates High Volatility Ahead Following Post-CPI Reaction

Bitcoin has experienced another turbulent week marked by sustained downward pressure, reinforcing the broader bearish sentiment that has dominated the market in recent months.  Despite late market relief on Friday, the leading cryptocurrency has struggled to reclaim key resistance levels and presently hovers around the $69,000 price region.

2026-2-15 22:00


Bitcoin and Ethereum Coinbase Inflows Collapse While Binance Retains Relative Activity – Details

Bitcoin is on track to close the year in negative territory, a development that has reinforced growing concerns among analysts who are increasingly positioning for a potential bear market ahead. After failing to sustain momentum above key psychological and technical levels, market sentiment has shifted toward caution, with investors closely monitoring liquidity behavior and exchange flows for early signals of regime change.

2025-12-24 04:00


BTC in ‘reaccumulation phase’ on Fed easing bets: Why this could be bullish for high-growth altcoins

Bitcoin’s reaccumulation sparks fresh optimism as investors eye altcoins like Digitap for massive gains. The recent turbulence in Bitcoin’s (BTC) price, triggered by October’s tariff-induced market crash, has ultimately revealed that the market is undergoing strategic consolidation, not a complete…

2025-10-26 21:00


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Top 9 exchanges to trade on in February 2026

Crypto trading hasn’t slowed down in February 2026; it’s simply matured. Daily volumes across spot and derivatives markets remain strong, and more traders are paying attention to where they executThe post Top 9 exchanges to trade on in February 2026 appeared first on AMBCrypto.

Kraken snaps up $60B token platform Magna - IPO next?

Kraken's parent company, Payward, has acquired tokenization platform Magna as it prepares for a potential IPO. The paperwork was confidentially filed with the SEC. Kraken expands, IPOThe post Kraken snaps up $60B token platform Magna - IPO next? appeared first on AMBCrypto.

Helium: Can HNT break $1.71 next as supply tightens?

Helium [HNT] has posted a week of consistent gains. At press time, HNT surged 10% in the last 24 hours, pushing the price toward the next key resistance zone around $1. 71. Momentum is building, butThe post Helium: Can HNT break $1.

ETHZilla crashes 97%, Thiel exits the 'Ethereum Treasury' model

In the summer of 2025, ETHZilla was one of the biggest names in the corporate crypto trend. The company became popular for holding large amounts of Ethereum [ETH] as its main business strategy. WiThe post ETHZilla crashes 97%, Thiel exits the 'Ethereum Treasury' model appeared first on AMBCrypto.

RIVER tanks 32% in 24 hours, but are more losses ahead?

Selling pressure on River (RIVER) has intensified following the breakdown of a major support level at $11.20. After a 32% drop, the altcoin printed its second consecutive red candle on the daily chartThe post RIVER tanks 32% in 24 hours, but are more losses ahead? appeared first on AMBCrypto.