Gainers & Losers

Community Votes

Centralized Exchanges

Decentralized Exchanges

Products

Products

Campaigns

Diamond Rewards

Calendars

Events Calendar

Learn

CoinMarketCap: Read what our contributors have to say. This content is provided by the community. DYOR!

What Does This Bitcoin Dominance Mean To Altcoins? Analysis

Blog

What Does This Bitcoin Dominance Mean To Altcoins? Analysis

Created 4 months ago, last updated 4 months ago

•

1 min read

What Does This Bitcoin Dominance Mean To Altcoins? Analysis

Table of Contents

Bitcoin’s Dominance and Its Market Implications

Bitcoin dominance (BTC.D) continues its upward trajectory, hitting 61% as Bitcoin edges closer to the $100,000 mark. This rising dominance reflects growing investor preference for Bitcoin, leaving altcoins under pressure. As the market anticipates altseason, analysts explore current trends and their potential impact on altcoins.

Bitcoin’s Dominance and Its Market Implications

Bitcoin dominance represents the share of Bitcoin’s market cap in the overall cryptocurrency market. It plays the role of market sentiment indicator. An increasing dominance normally means that Bitcoin is leading the charge, and other coins can barely follow. The weekly BTC.D chart shows a bullish trend inside an ascending wedge that indicates further Bitcoin outperformance in the short term.

Read more on Cryptotale.

Visit the links for more information Website | Twitter | Telegram | Instagram |

0 likes

|

0 shared

See the latest updates from across the crypto universe

CryptoTale

Other articles published on Nov 21, 2024

Market Musing-g

Shanghai Court Clarifies Legality of Personal Cryptocurrency Ownership

A recent opinion from a Shanghai court has provided legal clarity regarding the personal ownership of cryptocurrencies in China. Sun Jie, a judge at the Shanghai Songjiang People’s Court, stated in...

Market Musing-g

Strong Market Confidence Suggests Shiba Inu To Continue Rally Ahead. Yeti Ouro’s Community Grows ...

Strong Market Confidence Suggests Shiba Inu To Continue Rally Ahead. Yeti Ouro's Community Grows With Release of Game Development Teaser The post Strong Market Confidence Suggests Shiba Inu To Cont...

By TheCoinrise Media

Market Musing-g

Ethereum Foundation (EF) Releases 2024 Annual Report: A Look at its Financial Growth

The report revealed EF’s total assets as of October 31, 2024, are valued at $970.2 million.

Market Musing-g

People behind Crypto Phishing Scams Are Getting CEOs to Lose Big

Crypto isn’t just about making money but also about keeping it safe. There are various kinds of crypto scams but lately, crypto phishing scams have been causing some serious damage. These scams are...

By CoinPedia News

Market Musing-g

Cosmos co-founder proposes peer-to-peer clearing system in white paper

A blockchain-powered clearing system, Cycles, was pitched by Internal Systems’ CEO Ethan Buchman, one of the founders of Cosmos.

By Cointelegraph

Market Musing-g

Arbitrum DeFi Protocol Thala Labs Recovers $25M After Exploit on Nov. 15

The hacker took advantage of a vulnerability in Thala's v1 mining contract but returned the funds after Thala worked quickly with law enforcement and recovery groups.

See all articles

Join the thousands already learning crypto!

Join our free newsletter for daily crypto updates!