As Bitcoin dominance surges, here's a look at the factors behind the rise

2023-10-19 07:30

Bitcoin dominance rises to over 49%. 24-hour volume drops by over 40% as the price remains in the $28,000 region. Bitcoin [BTC] has long held its position as the leading cryptocurrency, but The post As Bitcoin dominance surges, here's a look at the factors behind the rise appeared first on AMBCrypto.

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bitcoin dominance behind rise factors surges look

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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