Bitcoin's Rising Dominance Rate Challenges Altcoin Boom From 2021

2023-10-17 10:19

The ascent in bitcoin's dominance rate is consistent with the bullish breakout in June, which marked the end of a prolonged range play between 38% and 48%. origin »

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bitcoin dominance rate marked prolonged range between

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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