Data shows Bitcoin dominance in US is on the rise - Here's what it means

2023-10-4 23:30

Bitcoin's dominance on US exchanges soared to 71%. Overall activity on Bitcoin declined despite the surge in price. In the wake of Bitcoin's surge beyond the $26,000 threshold, the crypto maThe post Data shows Bitcoin dominance in US is on the rise - Here's what it means appeared first on AMBCrypto.

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bitcoin dominance surge means data shows rise

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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