Close Menu
CryptoHoppers.comCryptoHoppers.com
    What's Hot

    Apple and A24 have a Sam Bankman-Fried biopic in the works

    November 13, 2024

    SEC Secures Default Judgments in $45 Million Coindeal Fraud Case

    July 12, 2024

    DeFi faces stress test, DoJ fears run on Binance, Hong Kong’s…

    August 5, 2023
    Facebook X (Twitter) Instagram
    • Privacy Policy
    • Get In Touch
    Facebook X (Twitter) Instagram
    CryptoHoppers.comCryptoHoppers.com
    • News

      GENIUS Act Passes House with 308 Votes, Could Redefine Stablecoins and Supercharge U.S. Crypto

      July 18, 2025

      Bitcoin May Freeze Satoshi’s Wallet Over Quantum Threat

      July 16, 2025

      Bitcoin under pressure as Satoshi-era whale sells: Will BTC drop to $108K?

      July 15, 2025

      BlackRock’s Bitcoin ETF Blows Past $80,000,000,000, Faster Than Any Other Exchange-Traded Fund in History: Bloomberg Analyst

      July 14, 2025

      Will Pi crash or rally in 2025?

      July 11, 2025
    • Technology

      Windtree Becomes First NASDAQ Firm to Add BNB to Its Balance Sheet

      July 18, 2025

      What is AI16Z – AMBCrypto

      July 17, 2025

      Bonk gains 15% to lead memecoins as altcoins eye rally

      July 16, 2025

      Comment on Trump Firing Powell Would Set ‘Very Bad Precedent,’ Warns Pompliano by Powell's Replacement? Fed Chair Succession Process Underway

      July 15, 2025

      Hungary Bans Unlicensed Crypto Platforms: Revolut and Bitstamp Suspend Services

      July 14, 2025
    • Learn/Guide

      $10.7 trillion Charles Schwab to launch spot Bitcoin, Ether trading, eyes stablecoin market entry

      July 18, 2025

      Russia’s largest bank Sberbank to roll out Bitcoin, crypto custody services to catch up with global banks

      July 17, 2025

      Trump Media files trademarks for Truth Social AI and AI Search

      July 16, 2025

      DOJ and CFTC drop investigations into Polymarket

      July 15, 2025

      FUNToken Isn’t Just Trending – It’s Consolidating Power in Telegram, One User at a Time

      July 14, 2025
    • NFTs

      1mouth Analog: miirror’s Raw Leap from Digital to Handmade Chaos | NFT CULTURE | NFT News | Web3 Culture

      May 9, 2025

      NFTCulture Expands Into TCGs with Cardcore.xyz: Where Digital Collectibles Meet Competitive Play | NFT CULTURE | NFT News | Web3 Culture

      May 8, 2025

      From Moonshots to Broken Links: The Rise and Fall of CloneX | NFT CULTURE | NFT News | Web3 Culture

      April 24, 2025

      Pacific Spirit: Vinyl Meets Code in a Groundbreaking Generative Drop on Art Blocks | NFT CULTURE | NFT News | Web3 Culture

      April 16, 2025

      Daizen: Elevating the NFT Multiverse on Apechain Blockchain | NFT CULTURE | NFT News | Web3 Culture

      December 5, 2024
    • Regulation

      SEC Drops Binance Lawsuit: How Regulatory Clarity Could Spark a BNB Price Rally

      May 30, 2025

      Kentucky Governor Signs Off On ‘Bitcoin Rights’ Bill, Strengthening Crypto Protections

      March 31, 2025

      Utah Moves Closer To Bitcoin Reserve As Bill Advances To Senate Standing Committee

      February 23, 2025

      Bitcoin ETFs In Focus As Kansas Senator Proposes Up To 10% Pension Fund Allocation

      January 26, 2025

      MicroStrategy May Face Tax Issues Over $19 Billion Unrealized Bitcoin Gains: Report

      January 25, 2025
    • Business

      Sri Lanka’s E-commerce Platform Kapruka to Introduce Crypto Payments

      November 17, 2024

      Leading Eastern European Exchange Exmo Sells Business in Russia, Belarus

      November 16, 2024

      Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025

      November 15, 2024

      Bitcoin Mining Company Mara Holdings Now Holds 26,747 Bitcoin: Q3 Earnings Report Reveals

      November 14, 2024

      Brazil Prepares to Let Tradfi Institutions Embrace Crypto

      November 13, 2024
    • Live Pricing
    CryptoHoppers.comCryptoHoppers.com
    Home » Bitcoin Dominance Returns Above 50% As Altcoins Encounter Resistance
    News

    Bitcoin Dominance Returns Above 50% As Altcoins Encounter Resistance

    September 21, 20233 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Bitcoin
    Share
    Facebook Twitter LinkedIn Pinterest Email


    With a market valuation of almost $520 billion and a current price of $26,690, Bitcoin has reclaimed the limelight. It now accounts for more than half of the entire cryptocurrency market.

    This turning point is important because it occurs at a time when many alternative cryptocurrencies are stagnating or declining. It’s worth noting, though, that Bitcoin is still nearly 5% lower than its June high and 23% below than its January 2022 peak, despite the recent uptick.

    Looking at the market more broadly, the alpha coin’s market dominance ranged between nearly 40% and 49% for more than two years before it finally reached the 52% level in June, when asset manager BlackRock’s application for a spot BTC exchange-traded fund sparked expectations about releasing significant inflows into the asset class.

    Bitcoin Might In A Volatile Crypto Landscape 

    Whale interest in Bitcoin was also increasing. The number of addresses with sizable cryptocurrency holdings hit new highs. Both good and negative market effects may result from this trend.

    Source: Statista

    A crucial crypto indicator, the “dominance” ratio of BTC assesses its strength by comparing its market value to that of the entire crypto market. Early in 2022, Bitcoin’s market share exceeded 50%, but it declined in the summer as altcoins like NFTs and DeFi grew in value.

    Dominance is significant because it can capture changes in market value, which can occur quickly as a result of changes in price or trade volume. It demonstrates how crypto investors are responding to current affairs and demonstrates whether BTC is losing ground to stablecoins or NFT tokens.

    BTCUSD approaching the key $27K territory today. Chart: TradingView.com

    The cryptocurrency market is currently experiencing a significant liquidity shortage, as Bitcoin’s absence of potential upward movement continues to disappoint investors. The top crypto saw a rapid retracement following a 2% increase in value last night, as it failed to sustain support at the $26,000 level.

    Staying Resilient And Popular

    Despite this, Bitcoin has demonstrated its propensity to see significant increases during periods of market downturns. It continues to be the leading and most recognized digital currency.

    Meanwhile, investors are getting ready for a possible drop in Bitcoin’s value in September, a historically tough month for the cryptocurrency. This cautious outlook is reinforced by the rising chances of a global economic downturn and stubbornly high inflation.

    However, some analysts believe that BTC could see a major price increase, often called a bull rally, because of an expected influx of new investment. This surge could help Bitcoin sustain its dominance in the highly-stacked crypto market.

    Featured image from Live Bitcoin News



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    GENIUS Act Passes House with 308 Votes, Could Redefine Stablecoins and Supercharge U.S. Crypto

    July 18, 2025

    Bitcoin May Freeze Satoshi’s Wallet Over Quantum Threat

    July 16, 2025

    Bitcoin under pressure as Satoshi-era whale sells: Will BTC drop to $108K?

    July 15, 2025

    BlackRock’s Bitcoin ETF Blows Past $80,000,000,000, Faster Than Any Other Exchange-Traded Fund in History: Bloomberg Analyst

    July 14, 2025
    Top Posts

    Quantstamp Settles Charges with SEC Over $28 Million ICO!

    August 4, 2023

    Bybit opens liquidation data for traders and analysts via API

    February 21, 2025

    The Basics for Crypto Trading Beginners

    November 17, 2023

    Welcome to CryptoHoppers.com! Stay informed with the latest updates, trends, and insights from the dynamic world of cryptocurrencies. From Bitcoin to altcoins, blockchain technology to decentralized finance (DeFi), we cover it all. Discover expert analysis, market trends, regulatory developments, and exciting innovations shaping the crypto industry.

    Top Insights

    GENIUS Act Passes House with 308 Votes, Could Redefine Stablecoins and Supercharge U.S. Crypto

    July 18, 2025

    Bitcoin May Freeze Satoshi’s Wallet Over Quantum Threat

    July 16, 2025

    Bitcoin under pressure as Satoshi-era whale sells: Will BTC drop to $108K?

    July 15, 2025
    Advertisement
    Demo
    CryptoHoppers.com
    Facebook X (Twitter) Instagram
    • News
    • Technology
    • Learn/Guide
    • Regulation
    • NFTs
    • Business
    • Live Pricing
    © 2025. Designed by CryptoHoppers.com.

    Type above and press Enter to search. Press Esc to cancel.