Bitcoin Dominance Hits 51.4% On the Back of Sustained Growth, NUGX Raises $300,000

2023-11-11 17:00

In ongoing NuggetRush (NUGX) presale, Bitcoin (BTC), the world’s largest coin by market cap, is extending its dominance, looking at CoinMarketCap (CMC) data. As of early November 2023, the Bitcoin dominance level stood at over 51.

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Bitcoin (BTC) на Currencies.ru

$ 66240.54 (-0.22%)
Объем 24H $19.195b
Изменеия 24h: -1.12 %, 7d: 7.97 %
Cегодня L: $66031.14 - H: $66391.13
Капитализация $1304.98b Rank 1
Цена в час новости $ 37163.6 (78.24%)

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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