Dominance

The massive price rally for the primary cryptocurrency continued in the past 24 hours as the asset skyrocketed to nearly $94,000 to chart its latest all-time high. A few more altcoins have peaked as well, including the recently launched meme coin sensation – PNUT and PEPE. Ever since it became known that Donald Trump will […]

On Sept. 16, Bitcoin dominance hit 58%, according to Tradingview. This is the highest it has been since April 2021, following almost two years of steadily increasing. BTC dominance was below 40% in November 2022 following the collapse of FTX, which sent the asset tumbling to a low of $16,000 in the brutal bear market

Data from previous crypto market cycles suggests that Bitcoin (BTC)’s dominance over altcoins will likely keep rising over the next several months, according to Glassnode. In a newly published report, the blockchain and market intelligence outlined how the leading crypto asset’s dominance is shaping up against the second largest crypto, Ethereum (ETH), compared to previous

Source: Adobe Stock Bitcoin (BTC)‘s dominance in the cryptocurrency market has surpassed 49%, reaching its highest level in more than two years. According to data from CoinGecko, Bitcoin’s dominance currently stands at 49.58%, almost three times the dominance of Ethereum (ETH), the second-largest crypto by market cap, which sits at around 16.7%. This steady increase in