Data shows Bitcoin dominance in US is on the rise - Here's what it means

2023-10-4 23:30

Bitcoin's dominance on US exchanges soared to 71%. Overall activity on Bitcoin declined despite the surge in price. In the wake of Bitcoin's surge beyond the $26,000 threshold, the crypto maThe post Data shows Bitcoin dominance in US is on the rise - Here's what it means appeared first on AMBCrypto. origin »

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bitcoin dominance surge means data shows rise

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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