Shift

Throne

Bitcoin

April

<p>Bitcoin reaffirms its supremacy in a turbulent crypto market. Its dominance has just reached an unmatched peak since April 2021, leaving altcoins in its wake.</p> 
<h2 id="h-le-roi-bitcoin-reprend-son-trone">The King Bitcoin Reclaims Its Throne</h2> 
<p>In a <a href="https://www.cointribune.com/en/israel-responds-to-iran-bitcoin-briefly-drops-below-60000-again/" target="_blank" rel="noreferrer noopener">tense geopolitical context</a>, the crypto market is going through a period of imbalance. Yet, Bitcoin stands out brilliantly.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1"> 
 </div> 
</div> 
<p>According to <a href="https://blockchainreporter.net/bitcoin-market-share-hits-highest-point-since-april-2021-altcoins-struggle/" target="_blank" rel="noreferrer noopener">data</a> from Into The Block, its market share jumped to 54% in the third quarter of 2024, a level not seen in over three years. This spectacular progression comes in a context where many altcoins are going through a particularly tough period.</p> 
<p>While Bitcoin’s price has shown relative stability in recent months, moving mainly sideways, its competitors have experienced significant declines. <a href="https://www.cointribune.com/ethereum/" target="_blank" rel="noreferrer noopener">Ethereum</a> (ETH), the second-largest crypto by capitalization, saw its market share drop to 13%, perfectly illustrating the difficulties faced by alternatives to Bitcoin.</p> 
<p>This resilience of Bitcoin in the face of market turbulence has not gone unnoticed by investors. Increasingly, BTC is perceived as a safe haven within the crypto ecosystem itself, offering relative stability in a highly volatile environment.</p> 
<div class="affiliate-button"> <a class="affiliate-button__link" href="https://coinbase-consumer.sjv.io/c/2801338/552039/9251" target="_blank" rel="noreferrer noopener">Discover the Coinbase platform and buy your first cryptos</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noreferrer noopener">This link uses an affiliate program.</a> 
</div> 
<h2 id="h-un-changement-de-paradigme-pour-les-investisseurs">A Paradigm Shift for Investors</h2> 
<p>The rise of Bitcoin at the expense of altcoins marks a major turning point in investor perception. Once considered <a href="https://www.cointribune.com/en/crypto-xrp-skyrockets-but-bonk-and-dogecoin-struggle-to-survive/" target="_blank" rel="noreferrer noopener">promising alternatives</a>, even potential “Bitcoin killers,” many altcoins now struggle to justify their value against the sector giant.</p> 
<p>Investors, burned by unfulfilled promises from many alternative blockchain projects, seem to be returning to the fundamentals. Bitcoin, with its history and unmatched liquidity, emerges as the preferred choice for those looking to gain exposure to the crypto sector while limiting risk.</p> 
<p>Paradoxically, this growing dominance of Bitcoin is accompanied by a still significant presence of <a href="https://www.cointribune.com/en/crypto-the-euro-stablecoin-from-societe-generale-available-on-bitpanda/" target="_blank" rel="noreferrer noopener">stablecoins</a>, which represent 26% of the market according to Into The Block. This coexistence indicates a prudent diversification strategy adopted by many market players, combining exposure to Bitcoin’s growth potential with the security offered by assets pegged to fiat currencies.</p> 
<p>The consolidation of Bitcoin’s dominant position in the crypto landscape seems to be a lasting one. Faced with <a href="https://www.cointribune.com/en/iran-israel-tensions-will-bitcoin-survive-against-gold/" target="_blank" rel="noreferrer noopener">geopolitical tensions</a> and economic uncertainties, the main crypto asserts itself more than ever as the essential reference in the sector.</p>

Unbeatable Bitcoin: Dominance Soars to 54%

Table of Contents

Cointribune EN

Other articles published on Oct 6, 2024

Experts Evaluate Solana’s Competitive Strength Against Ethereum

Telegram unveils gifts, verification feature as TON fails to pump

Altcoins Gaining Momentum: Experts Highlight KAS, XRP, AVAX, CYBRO, LINK

What Are Current Cryptocurrency Market Trends?

Binance Admits To Freezing Palestinian Crypto Wallets On The Orders Of Israel!

Qubetics Breaks Blockchain Barriers with QubeQode IDE as Avalanche Fuels a Bullish Frenzy and Cru...

Join our free newsletter for daily crypto updates!