BTC dominance at two-month high (market observation)
BTC dominance at two-month high (market observation)
The youngest upward trend from Bitcoin continues when the cryptocurrency reached a new multi -month high of almost $ 56,000. The dominance of BTC via the old coins has also achieved a record, although most of them are in the green area.
BTC dominance on two-month high
October is still a very cheap month for Bitcoin, at least for the time being. At the beginning, the primary cryptocurrency was just over $ 43,000, but jumped to around $ 48,000 in the first few days alone, where it stood for a while.
After a short retracement of USD 1,000, it started again and reached $ 50,000 for the first time since the beginning of September. This time, however, it broke through the level and approached $ 52,000, since registered. yesterday.
The bulls were not finished yet because they pushed the asset further north. This led to Another impressive increase High of almost $ 56,000. This has been at the highest price of Bitcoin since mid -May.
Despite the tracement with a few thousand dollars since then, the market capitalization of cryptocurrency has still been well over $ 1 trillion. In addition, it has increased its dominance to the old coins to almost 45%, which is a two -month high.
alts in green, but not against BTC
The alternative coins have also increased in the past few days compared to the dollar. Ethereum, for example, had fallen below 3,000 $ 3,000 during the crash.
The second largest cryptocurrency has recovered more than $ 700 and is currently over $ 3,600, which is a multi-week high.
The entire market is green on a 24-hour scale. These include impressive winnings from Cardano, Binance Coin, Ripple, Solana, Polkadot, Terra, avalanche, uniswap, and Litecoin.
compared to BTC, the situation is very different, since many of them have lost the third day in a row, which led to the above -mentioned change in the dominance.
One of the few exceptions is Shiba Inu. How previously reported Shib has shot by three -digit percentages last week and has not become the twelfth largest cryptocurrency after market capitalization.
The market capitalization of the cryptocurrency has risen deeply by yesterday by $ 150 billion and is now over $ 2.3 trillion-also a record of several months.
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