Bitcoin Dominance Hits a 2019 High of 55%, Entailing Digital Asset Decoupling or Bull Market Precursor?

2019-4-30 18:56

Recent data on CoinMarketCap concerning Bitcoin is showing some promising information. The cryptocurrency’s Bitcoin Dominance Index has reached 55 percent for the first time this year. U Today suggests this means that the “altcoin season might not be coming anytime soon.

” Other news outlets are questioning whether Bitcoin’s improved dominance is a precursor to a […].

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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