Bitcoin's Dominance Slides By Most in 3 Years as BTC's Correlation With Altcoins Weakens
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Bitcoin's (BTC) dominance rate has dropped sharply, indicating that traders are increasingly focusing on the broader cryptocurrency market. The dominance rate, representing BTC's share of the total cryptocurrency market valuation, has decreased by 5.8% in one week to just under 61%, marking the lowest level since March, according to data source TradingView. This is the biggest slide since June 2022. The gauge peaked closer to 66% at the end of the last month. Meanwhile, the total crypto market c...
$DOGE
$0.26989
-0.67%
$BTC
$119999.8
+2.23%
$XRP
$3.5527
+0.05%
$ETH
$3748.47
-0.34%
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