Bitcoin's crypto market campaign retains the upper hand because the dominance level exceeds 40 %-
Bitcoin's crypto market campaign retains the upper hand because the dominance level exceeds 40 %-
On January 21, 2023, the Bitcoin Prize reached a 24-hour high of $ 23,333 per unit on Saturday at 5 a.m. The entire crypto economy is now estimated at $ 1.05 trillion after it has increased by $ 7.2 % compared to the US dollar. Bitcoin's price increase has led to the dominance of the crypto assets exceeded the 40%region under thousands of crypto-assets, since the market assessment of the digital currency has risen to $ 443 billion.
The value of Bitcoin increases by 37.2 % in 30 days and drives the dominance level to over 40 %
Bitcoin jumped over the $ 23,000 zone on January 21 and the value of the crypto asset is now 37.2 % higher than 30 days ago. The climb pushed bitcoin ’s dominance level over the 40%region. According to the data from Coinmarketcap.com (cmc) bitcoin The dominance level on around 42.4 %.
The dominance level of the leading crypto asset rose over the 40%region after the first week of January 2023. The crypto economy aggregator Coingecko.com (CG) states that the dominance of Bitcoin on January 21 is around 41.1 %. The dominance of Bitcoin is the market of digital currency capitalization divided by the entire market evaluation of crypto economy.
from 2009 to 2017, bitcoin The dominance level from LAG over the 80%area. But after the dominance level had fallen below 80 %, it never returned to this position. While bitcoin The dominance of today is about 41-42 %, CG metrics show the second crypto-asset ether ( eth ), has a degree of dominance of around 18.4 %.
CMC data indicate eth The dominance of is around 19.3 % of the US-Dollar value of US dollar. Other important dominant actors in January 2023 are Tether ( usdt ), since it has a market dominance of 6.33 % and Binance has Coin ( bnb ) has a dominance level of around 4.57 %.
The StableCoin USDC has a market dominance of around 4.13 % and XRP is according to CMC-Statistiken on Saturday afternoon at 11:30 Eastern Time at around 1.99 %. Between bitcoin , eth , usdt , bnb usdc and XRP The dominance level of all six coins on January 21 is around 78.72 %. The last time Bitcoin The dominance of six months ago in mid-July 2022.
What will your opinion be the next big development on the cryptom market and how will it affect Bitcoin's dominance? Share your thoughts on this topic in the comment area below.
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