Is Bitcoin down almost 60% from its ATH? Yes. Is it still asserting its dominance in the market? Also yes. Here’s why.
Bitcoin dominance at 6-month highs
Let's look at three likely reasons why traders have been rotating out of the altcoin market to seek safety in Bitcoin.Ethereum's native token Ether , the largest alternative cryptocurrency by market cap, has witnessed consistent declines in its market dominance in the last five months—from 22.38% in December 2021 to 17.86% in May 2022.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Why the Crypto Industry in Indonesia Is Set to Leapfrog Competing Markets – Interview Bitcoin NewsWith over 270 million people, Indonesia is the fourth-most populous country in the world and its economy is one of the largest markets in Asia. It also
Lire la suite »
After the Terra LUNA Fallout, Bitcoin Dominance Climbs Higher While Ethereum's Valuation Shrinks – Market Updates Bitcoin NewsAmid the market carnage, bitcoin’s market dominance has increased to 43.8%, reaching the highest value since October 30, 2021.
Lire la suite »
Bitcoin Dominance Soars, Altcoins Collapse, Terra 2.0 Underway: This Week's Crypto RecapBitcoin's dominance soared over the past week as altcoins keep bleeding out. Meanwhile, Terra 2.0 is also underway.
Lire la suite »
Crypto Markets Shed $40 Billion, Ethereum and Cardano Down 5% (Market Watch)Bitcoin's dominance continues increasing while large-caps like Ethereum, Cardano, Solana, and Avalanche keep bleeding out.
Lire la suite »
JPMorgan says Bitcoin and crypto is now its preferred ‘alternative asset class’After a steep decline in cryptocurrency prices, JPMorgan (NYSE: JPM) has said that the fair price of Bitcoin is 28% higher... Continue reading
Lire la suite »
Bitcoin Dominance at 7-Month High as Altcoins Bleed Out (Market Watch)Bitcoin's dominance over the altcoins have increased to its lowest position since October, as most alts are deep in the red today.
Lire la suite »