Bitcoin asserts dominance with new year-to-date peak versus alts

Bitcoin asserts dominance with new year-to-date peak versus alts
фото показано с : cryptoslate.com

2023-10-19 16:05

Quick Take

The crypto graph of 2023 paints an intriguing picture with a significant shift in investor sentiment. Bitcoin’s dominance has spiked to a compelling year-to-date high of 52.28%, casting a shadow over the performance of altcoins. The market’s flagship currency’s robust growth is echoed in the underperformance of its competitors.

On a YTD basis, many altcoins seem to have lost their footing against Bitcoin. XRP, once buoyed by a favorable resolution in its security classification, has slipped by 17%, nearly erasing its July gains. Meanwhile, Ethereum, a consistent performer in crypto, has recorded a 24% dip against Bitcoin.

The gap is more pronounced for ADA and BNB, which have plunged 43% and 50%, respectively, in comparison to Bitcoin. Among the biggest losers is Dogecoin, with a steep 52% decline against Bitcoin.

This data implies a potential shift in the crypto landscape, highlighting Bitcoin’s increasing clout amidst dynamics that seem to dwarf the value proposition of altcoins.

Bitcoin Dominance: (Source: Trading View)

The post Bitcoin asserts dominance with new year-to-date peak versus alts appeared first on CryptoSlate.

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Bitfinex Bitcoin Dominance Perps (BTCDOM) на Currencies.ru

$ 0 (-0.22%)
Объем 24H $0
Изменеия 24h: -0.57 %, 7d: 2.47 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 154.69 (-100%)

year-to-date bitcoin dominance spiked investor sentiment compelling

Источник: cryptoslate.com

year-to-date bitcoin → Результатов: 126


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