Bitcoin

April

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-dominates-market-as-altcoins-struggle-to-keep-up/" data-wpel-link="internal">Bitcoin Dominates Market as Altcoins Struggle to Keep Up</a> 
Bitcoin’s (BTC) dominance in the market appears unlikely to decline soon, given its recent growth performance. According to Ki Young Ju, founder and CEO of Cryptoquant, Bitcoin’s total market value has increased by 37%, while large-cap altcoins grew by only 16%, and mid and small-cap altcoins managed a mere 10% rise. Currently, Bitcoin’s market dominance (BTC.D) stands at 58.20%, showing a slight decline of 0.02% over the past 24 hours. 
<h2 style="text-align: justify" id="strong-bitcoin-grows-faster-than-altcoins-strong">Bitcoin Grows Faster than Altcoins</h2> 
Bitcoin continues to significantly outpace altcoins in terms of growth rate. Large-cap altcoins are growing at only half the rate of Bitcoin’s market value increase, while mid and small-cap altcoins lag even further behind. 
<figure id="attachment_410941" aria-describedby="caption-attachment-410941" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-410941" src="https://coin-turk.com/wp-content/uploads/2024/11/Bitcoin-Piyasasi.jpeg" alt="" width="1406" height="844">
 <figcaption id="caption-attachment-410941" class="wp-caption-text">
 Bitcoin Market
 </figcaption>
</figure> 
Aside from the <a href="https://en.coin-turk.com/cryptocurrency-market-sees-noticeable-decline-in-meme-coins/" data-wpel-link="internal">memecoin</a> season in April, altcoins have struggled to match Bitcoin’s growth rate. Investors viewing Bitcoin as a safe haven have fueled this robust growth. 
The rise in Bitcoin’s market dominance reflects broader trends within the <a href="https://en.coin-turk.com/what-will-the-feds-decision-reveal/" data-wpel-link="internal">cryptocurrency market</a>. Positioned as a more stable and robust asset, Bitcoin remains the priority choice for many investors. The sluggish growth of the <a href="https://en.coin-turk.com/bitcoin-finds-the-bottom-crypto-explanation-from-2-famous-fund-managers/" data-wpel-link="internal">altcoin</a> market indicates a decrease in risk appetite among traders. 
<h2 style="text-align: justify" id="strong-altcoin-recovery-appears-challenging-strong">Altcoin Recovery Appears Challenging</h2> 
Currently, altcoins can only surpass Bitcoin in short-term trends. For example, the popularity of memecoins in April led to a brief surge in the altcoin market, but outside of that period, altcoins have significantly lagged in growth. 
With Bitcoin’s market dominance hovering around 58%, it indicates a strong shift of investor interest toward Bitcoin. Ju notes that it may take time for the altcoin market to recover, especially given the current low risk appetite, suggesting that Bitcoin’s strong position is likely to persist. 
The post <a href="https://en.coin-turk.com/bitcoin-dominates-market-as-altcoins-struggle-to-keep-up/" data-wpel-link="internal">Bitcoin Dominates Market as Altcoins Struggle to Keep Up</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Bitcoin Dominates Market as Altcoins Struggle to Keep Up

Table of Contents

COINTURK NEWS

Other articles published on Nov 29, 2024

Solana’s Co-founder Announces Shift Towards Multi-Signature Solutions

Janitor AI: Revolutionizing Chatbot Interactions with Personalized Characters

39,900% ROI Potential? Qubetics Lauded as the Best Crypto to Join Now for Huge Gains While Avalan...

Bitcoin’s Grip Weakens as Altcoin Season Favors DOGEN, WIF, and BONK for Explosive Growth!

Cardano’s Hoskinson believe Bitcoin will surpass $250,000

Crypto Price Analysis 11-29 BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, CHAINLINK: LINK, APTOS: APT...

Join our free newsletter for daily crypto updates!