Bitcoin’s dominance hits highest level since April 2021 as Ethereum suffers

Bitcoin’s dominance hits highest level since April 2021 as Ethereum suffers
фото показано с : cryptoslate.com

2023-10-24 11:00

Quick Take

Data analysis reveals a noteworthy trend in the crypto market as Bitcoin’s dominance has surged, hitting a fresh year-to-date high above the 54% mark. This is a level unseen since April 2021, highlighting Bitcoin’s increasing hold over the crypto market.

Concurrently, the Ethereum to Bitcoin ratio has sunk to a new low of 0.053, while Ethereum sits above $1,800. This inverse relationship demonstrates how Bitcoin’s growing dominance has potentially impacted Ethereum’s position in the market.

Bitcoin dominance: (Source: Trading View)

 

The post Bitcoin’s dominance hits highest level since April 2021 as Ethereum suffers appeared first on CryptoSlate.

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bitcoin dominance market 2021 crypto level april

Источник: cryptoslate.com

bitcoin dominance → Результатов: 126


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.

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