Bitcoin (BTC) Dominance Hits Highest Level in 9 Months

2023-3-30 17:30

Coinspeaker
Bitcoin (BTC) Dominance Hits Highest Level in 9 Months

Bitcoin (BTC) price has surpassed the $28,000 level, marking an increase of 5.70% over the past 24 hours. Interestingly,  this comes as most other altcoins appear to be trading flat in the same period.

For what it’s worth, the surge in price may be directly linked to new reports that Silicon Valley Bank (SVB) will resume operations today. That is after news that the recently-troubled bank has been acquired by North Carolina-based financial institution First Citizens Bank & Trust Company.

According to FDIC, SVB was acquired for around $72 billion, and the National Association’s assets at a discount of $16.5 billion. The statement further reads:

“Approximately $90 billion in securities and other assets will remain in the receivership for disposition by the FDIC.”

BTC Dominance Climbs, Other Tokens Rally, as Altcoins Remain Flat

Meanwhile, it might be worth mentioning that BTC dominance has been on a steady climb in the last few weeks. The metric, which tracks Bitcoin’s performance in comparison to that of the rest of the market, currently stands at levels not seen since June 2022. In more detail, Bitcoin dominance is calculated based on the percentage of BTC’s current market capitalization to the global crypto market cap. For example, as of publication, Bitcoin’s market cap is $547 billion, while the global crypto market cap is $1.24 trillion.

Although many other crypto tokens are also rallying, most of the altcoins are either charting slight declines or are performing worse than BTC, of course, with a few exceptions such as Cardano’s ADA and Polygon’s MATIC.

To put the above statement into perspective, Ether (ETH) is up 5.13% as Ethereum developers confirmed April 14 for its Shapella upgrade. Cardano’s ADA jumped 11.74%, while bnb tokens (BNB) regained 3.12%, making up for some of its recent losses. CoinMarketCap data also suggests that Polygon’s MATIC has gained 9.03% on the introduction of its zero-knowledge Ethereum Virtual Machine.next

Bitcoin (BTC) Dominance Hits Highest Level in 9 Months

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitfinex Bitcoin Dominance Perps (BTCDOM) на Currencies.ru

$ 154.69 (-0.08%)
Объем 24H $0
Изменеия 24h: 1.06 %, 7d: 9.48 %
Cегодня L: $154.69 - H: $154.69
Капитализация $0 Rank 3800
Доступно / Всего 0 BTCDOM

dominance btc bitcoin level months hits highest

Источник: coinspeaker.com

dominance btc → Результатов: 126


Bitcoin Market Share Returns to December High as Hash Rate Exceeds 50 Quintillion Hashes per Second

Bitcoin’s market share catapults back to almost 50 percent, returning to levels not seen since the December 2017 bull-run that resulted in an all-time high BTC value of nearly $20,000. The return of Bitcoin’s market share dominance coincides with an unsurpassed level of hashing power directed at the Bitcoin network, with total hashpower exceeding 50 […] The post Bitcoin Market Share Returns to December High as Hash Rate Exceeds 50 Quintillion Hashes per Second appeared first on CryptoSlate.

2018-8-7 03:00


Мнение: майнинг биткоина становится более децентрализованным

Доля крупнейших майнинговых пулов BTC. com и Antpool в общем хэшрейте сети биткоина постепенно снижается. Этим наблюдением, в частности, поделился завсегдатай Twitter и криптоэнтузиаст ArminVanBitcoin (A v B).

2018-8-2 20:30


Bitcoin’s (BTC) price clocked a two-month high of $7,820 today and looks set to extend gains further, a key cryptomarket gauge indicates. CoinMarketCap’s bitcoin dominance rate, an indicator that tracks the percent of the total cryptocurrency market

To start with, a rise in the BTC dominance rate essentially means the number one cryptocurrency is more in demand compared to the alternative cryptocurrencies. The above chart shows: The BTC dominance rate has increased from 40.

2018-7-23 18:29


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Is This The Ethereum Endgame? Investors Pull $3 Billion From Exchanges

The winds of change are blowing through the Ethereum ecosystem. Since the long-awaited approval of spot Ether ETFs in the US on May 23rd, a quiet exodus of Ether has been underway. A massive amount of the world’s second-largest cryptocurrency, or around $3 billion, has vanished from centralized exchanges, marking the lowest level of Ether reserves in years.