Bitcoin dominance rebounds to 55% by mid-2024

2024-6-21 14:30

Onchain Highlights

DEFINITION: Bitcoin Dominance, denotes Bitcoin’s market capitalization as a percentage of the total market cap of all cryptocurrencies. It’s calculated by dividing Bitcoin’s market cap by the total cryptocurrency market cap. 

Bitcoin’s dominance in the digital assets market has fluctuated significantly in 2024, reflecting broader market dynamics and investor sentiment shifts. Early in the year, Bitcoin dominance experienced a decline from 53% to below 50%, coinciding with a period of volatility in its price, which hovered around $40,000. This trend reversed in mid-February, with Bitcoin regaining ground and its dominance climbing as high as 55% by mid-April, reflecting renewed investor confidence following the halving event in April 2024.

BTC Dominance: (Source: Glassnode)

Historically, Bitcoin’s market dominance has seen substantial variations. In late 2020, Bitcoin dominance was around 65%, experiencing a steady decline to about 40% by mid-2021 as alternative cryptocurrencies gained traction. However, a resurgence was noted from mid-2022, stabilizing around 50% to 55% through to early 2024. The latest data shows Bitcoin dominance stabilizing around 55% in June 2024, with Bitcoin prices consolidating near $65,000.

BTC Dominance: (Source: Glassnode)

The post Bitcoin dominance rebounds to 55% by mid-2024 appeared first on CryptoSlate.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Market.space (MASP) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 MASP

bitcoin market cap dominance total cryptocurrencies cryptocurrency

Источник: cryptoslate.com

bitcoin market → Результатов: 126


Фото:

Bitcoin volatility could explode in April as SEC reviews the market behind ETF leverage

On Apr. 16, the Securities and Exchange Commission will host a public roundtable on listed options market structure covering quote-driven competition, customer experience, and growth. This is standard regulatory fare, except that Bitcoin exposure is migrating into regulated, centrally cleared products just as the SEC is reconsidering how the machinery works.

2026-3-7 16:15


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


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Will XRP price react as Ripple launches $750M buyback plan?

Ripple has unveiled a $750 million buyback plan for the XRP token, sparking speculation about whether the move could trigger renewed bullish momentum for the XRP price. Corporate buybacks are often interpreted as a signal of confidence in an asset’s…

Why is XRP price stuck in range despite 2.7M ledger transactions?

XRP Ledger is seeing strong network usage, but the XRP price continues to trade sideways, highlighting a divergence between on-chain activity and market performance. CryptoQuant data shows that the XRP Ledger (XRP) processed more than 2.7 million transactions in a…