Bitcoin has demonstrated increasing market strength as its dominance climbed to 65.37%, coinciding with significant losses across alternative cryptocurrencies. Altcoins collectively shed over $110 billion in market capitalization during a recent downturn, plummeting from $950 billion to roughly $760 billion.… Read More »Bitcoin Dominance Hits 65.37% Amid Major Altcoin Market Cap Drop, Signaling Shift
Bitcoin has markedly strengthened its position in the cryptocurrency market, with its dominance index (BTC.D) exceeding 65% for the first time since February 2021. This significant milestone signals robust investor confidence in the leading cryptocurrency amid ongoing market turbulence. The… Read More »Bitcoin Dominance Surges Past 65% to 2021 Highs, Altcoins Face Correction Risks
Bitcoin has demonstrated relative resilience compared to alternative cryptocurrencies (altcoins) during a recent broad market downturn. Bitcoin Dominance (BTC.D), measuring its share of the total cryptocurrency market capitalization, increased by 1.4%, rising from 63.8% to 64.7%. This gain in dominance… Read More »Bitcoin Dominance Surges as Altcoins Tumble, Delaying Altcoin Season