Bitcoin dominance (a measure of bitcoin's market capitalization relative to the total cryptocurrency market cap) reached a high of 52.7% last week, the highest level in three years since April 2021.
From June 22nd, BTC's market cap accounted for only 48.2%. After the launch of the ETH ETF on Tuesday, this value quickly rose to 51.9% and gradually continued to rise within a week. In sharp contrast, ETH showed weakness in price action. In addition, various counterfeit products also showed considerable weakness against BTC, further driving BTC's dominance to its highest level in three years.
Bitcoin dominance hits highest level since April 2021
2024-07-30 17:57:24
Bitcoin dominance status measurement bitcoin market cap crypto currencydesk3cryptocurrencydesktopCrypto News
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