Bitcoin

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<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Altcoins’ market share continues to rise, while Bitcoin’s dominance is dropping.</li> 
 <li>On December 10, BTC’s dominance peaked, while altcoins’ market share dipped to a 7-day low.</li> 
</ul> 
<p>Today, Bitcoin’s market share debuted a downward trajectory, while altcoins’ market value continues rising, following the recent December 10 dip.</p> 
<h2 id="altcoins-market-share-recovers">Altcoins Market Share Recovers</h2> 
<p>Altcoins’ market share dropped to a 7-day low on December 10. Trading View <a href="https://www.tradingview.com/symbols/OTHERS/" rel="nofollow noopener" target="_blank">data</a> shows that on that day, the crypto total market cap, excluding the top ten digital assets, reached a bottom at around $342 billion.</p> 
<p>However, on the same day, the altcoins’ market share debuted a recovery, peaking today close to $419 billion, according to the same data.</p> 
<figure id="attachment_54972" aria-describedby="caption-attachment-54972" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/12/trading1.png"><img loading="lazy" decoding="async" class="wp-image-54972 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/12/trading1.png" alt="Trading View - 7-day altcoins market share" width="1845" height="663" title="Altcoins 30-Day Market Share Loses 6-Month Bitcoin Correlation 27" srcset="https://crypto.ro/en/wp-content/uploads/2024/12/trading1.png 1845w, https://crypto.ro/en/wp-content/uploads/2024/12/trading1-300x108.png 300w, https://crypto.ro/en/wp-content/uploads/2024/12/trading1-1024x368.png 1024w, https://crypto.ro/en/wp-content/uploads/2024/12/trading1-768x276.png 768w, https://crypto.ro/en/wp-content/uploads/2024/12/trading1-1536x552.png 1536w, https://crypto.ro/en/wp-content/uploads/2024/12/trading1-750x270.png 750w, https://crypto.ro/en/wp-content/uploads/2024/12/trading1-1140x410.png 1140w" sizes="(max-width: 1845px) 100vw, 1845px"></a>
 <figcaption id="caption-attachment-54972" class="wp-caption-text">
  Trading View – 7-day altcoins market share
 </figcaption>
</figure> 
<p>Altcoins’ market share rose by over 4% today, and by almost 50% during the past month.</p> 
<p>Unlike altcoins, Bitcoin’s dominance had an opposite trajectory since December 10.</p> 
<h2 id="bitcoin-dominance-is-dropping">Bitcoin Dominance is Dropping</h2> 
<p>Bitcoin’s dominance peaked in the past seven days, reaching a top of over 57% on December 10, according to <a href="https://www.tradingview.com/symbols/BTC.D/" rel="nofollow noopener" target="_blank">data</a> from Trading View.</p> 
<p>After that, Bitcoin’s market share debuted a descendant trajectory, dropping to around 56% today.</p> 
<figure id="attachment_54973" aria-describedby="caption-attachment-54973" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/12/trading2.png"><img loading="lazy" decoding="async" class="wp-image-54973 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/12/trading2.png" alt="Trading View - Bitcoin 7-day dominance chart" width="1859" height="657" title="Altcoins 30-Day Market Share Loses 6-Month Bitcoin Correlation 28" srcset="https://crypto.ro/en/wp-content/uploads/2024/12/trading2.png 1859w, https://crypto.ro/en/wp-content/uploads/2024/12/trading2-300x106.png 300w, https://crypto.ro/en/wp-content/uploads/2024/12/trading2-1024x362.png 1024w, https://crypto.ro/en/wp-content/uploads/2024/12/trading2-768x271.png 768w, https://crypto.ro/en/wp-content/uploads/2024/12/trading2-1536x543.png 1536w, https://crypto.ro/en/wp-content/uploads/2024/12/trading2-750x265.png 750w, https://crypto.ro/en/wp-content/uploads/2024/12/trading2-1140x403.png 1140w" sizes="(max-width: 1859px) 100vw, 1859px"></a>
 <figcaption id="caption-attachment-54973" class="wp-caption-text">
  Trading View – Bitcoin 7-day dominance chart
 </figcaption>
</figure> 
<p>Today, Bitcoin’s dominance is down by over 1% and by more than 6% in the past month.</p> 
<h2 id="altcoins-uncorrelated-with-bitcoin-in-the-past-month">Altcoins, Uncorrelated With Bitcoin in the Past Month</h2> 
<p>The Trading View charts show that altcoins have lost correlation to Bitcoin during the past 30 days. During the past 6 months, altcoins’ market share rose by over 68%, while Bitcoin’s dominance surged by more than 1%.</p> 
<p>In the past month, altcoins debuted an independent trajectory that is uncorrelated to BTC. While BTC’s dominance is declining, the<a href="https://crypto.ro/en/news/binance-founder-cz-declares-the-debut-of-altcoin-season/"> altcoin season</a> has been confirmed.</p> 
<p>However, Bitcoin continues its ascendant trajectory above $100,000 fueled by multiple factors and continuous growing interest and global adoption.</p> 
<p>BTC’s recent<a href="https://crypto.ro/en/news/bitcoin-price-holds-above-100k-as-btc-etfs-record-inflows-for-10-consecutive-days/"> price rally</a> was fueled by strong inflows in BTC ETFs, rising US inflation and surging chances for a potential interest rate cut, and high optimism around upcoming BTC reserves in the US and other countries.</p> 
<p>Also, the upcoming Trump administration set to bring crypto-friendly policies is fueling the industry’s trust and optimism for the future.</p>

Altcoins 30-Day Market Share Loses 6-Month Bitcoin Correlation

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