Saturday, October 1

Bitcoin Dominance Drops Below 40% By CoinTelegraph

© Reuters. Bitcoin’s dominance falls below 40%

Market dominance has continued to decline, bottoming below 40% this week. That’s very close to the all-time low of 36.7% from January 2018, according to data from TradingView.

Bitcoin market dominance () refers to the relationship between the market capitalization of BTC and the total market capitalization of cryptocurrencies.

  • Mexican billionaire says “buy Bitcoin” in his New Years message

It is not the first time that its dominance has fallen in 2021. As early as May, Cointelegraph reported that BTC had fallen to represent only 40.3% of the combined capitalization of crypto assets, according to CoinMarketCap, and approached the same level again in September.

Read the full article on Cointelegraph

Legal warning: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Reference-es.investing.com

Leave a Reply

Your email address will not be published.