Crypto research firm Glassnode said in an X post that Bitcoin's market dominance is on the rise. After bottoming out at around 54% in December 2024, Bitcoin's dominance has exceeded 57% in January 2025.
This trend is similar to the 2020 cycle, when bitcoin dominance bottomed out at around 60% in November 2020 and then began to decline after rising to 69% in January 2021.
Glassnode: Bitcoin may continue the 2020 cycle pattern
2025-01-24 22:27:01
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