Bitcoin’s Market Dominance Declines Amid Altcoin Surge
- Bitcoin’s market cap is over $2 trillion, with dominance at 63.5% among the top 125 cryptocurrencies.
- Bitcoin dominance reached a four-year high of 64.89% earlier this month.
- Ethereum’s price increased by 36% to around $2,485 in two weeks.
- CoinGecko data shows Bitcoin dominance at 60.4% compared to all other tracked coins.
Bitcoin’s market dominance has slightly decreased as altcoins like Ethereum surge, with Ethereum’s price rising by 36% recently. Despite this shift, Bitcoin still holds a significant portion of the market cap, standing above $2 trillion and representing about 63.5% of the top cryptocurrencies’ combined value.
Source (2.6)https://decrypt.co/320573/bitcoin-dominance-falling-dont-count-altcoin-season?rand=52368
