Bitcoin's dominance increases while alto coins fight against BTC (Market Watch)
Bitcoin's dominance increases while alto coins fight against BTC (Market Watch)
Just a few hours after the introduction of the very first Bitcoin futures ETF in the USA, the cryptocurrency came from a new all-time high. While BTC has not yet done this, the cryptocurrency market capitalization of all digital assets recorded a new record of almost $ 2.550 trillion.
Bitcoin Eyes New ATH
The entire crypto community had the start of the Bitcoin Futures ETF in the USA in the past few days as a multiple in the sights of reported from last week that the sec would finally allow such a product live.
and yesterday, on October 19, the BTC Futures ETF from Proshares actually reached Wall Street with a record trade volume in the first 24 hours of the year $ .
The price of Bitcoin reacted to these developments when he shot up after the first reports over 60,000 and held climbing $ 63,000 on weekends. It failed at first, but yesterday, when the ETF was launched, it was exceeded.
BTC continued to increase to an intra-raday high of USD 64,500. He thus removed less than 1% of his all-time high of around $ 65,000 in April.
Although BTC's market capitalization has currently declined to $ 64,000, it is over $ 1.2 trillion. The dominance compared to the old coins is almost 48% at a two -month high.
crypto market capitalization sets new ATH
While BTC closes with its price records, most old coins with larger market capitalization have been after and watched. Ethereum has risen slightly during the day and has increased over $ 3,850.
More smaller profits come from Ripple, Polkadot and Avalanche. Terra is the only essential winner with an increase of 6% to $ 38. The rest has slight losses, including Binance Coin, Cardano, Solana, Dogecoin, Uniswap, and Litecoin.
Further fluctuations can be seen in the Lower and Mid Cap Alts. OKB leads with an increase of $ 24 to $ 23, followed by Huobi Token (11 %), Hedera (10 %), Kucoin token (9 %) and Cosmos (8 %).
Ultimately, the cumulative market capitalization of all cryptocurrencies ago recorded a new record value of almost $ 2.550 trillion.
