Bitcoin Price Approaching $12000 Again As Dominance Hits 65%

Bitcoin Price Approaching $12000 Again As Dominance Hits 65%
фото показано с : bitcoinist.com

2019-7-4 07:38

The recent Bitcoin price correction was over before it really began. A five-day slide culminating in a short-lived 30% dip below $10000 saw a huge bounce back by over 20% as BTC surged back above $11000.

It’s market dominance is now heading towards highs not seen since 2017. Bitcoin Dominance Hits 65% Bitcoin price has continued to push higher since it topped $11000, 24 hours ago. There was clearly huge buying pressure at four figures

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bitcoin dominance price hits huge back 11000

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How rising Bitcoin dominance invalidates many crypto assumptions

Key Takeaways Bitcoin dominance has risen above 50%, having started the year at 42% Traditionally, dominance falls while market prices are rising in the sector, marking the year 2023 out as unusual  This hammers home how Bitcoin is still finding its feet, and why prudence needs to be taken when extrapolating past performance to the […] The post How rising Bitcoin dominance invalidates many crypto assumptions appeared first on CoinJournal.

2023-8-11 14:50


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Here’s Why the Bitcoin Dominance Index Based on Market Capitalization Might Not Mean Much

Data from CoinMarketCap shows Bitcoin dominance below 70 percent but in reality, the number could be a lot higher. Unlimited Altcoin Token Supply Makes Market Cap a Meaningless Metric In a report by BTSE Academy, a free Bitcoin learning platform, there are better ways to get Bitcoin’s dominance apart from using the popular market capRead MoreRead More.

2020-7-2 08:39