Bitcoin Dominance Soars Altcoins Collapse Terra 2 0 Underway This According to the firm’s latest data, bitcoin’s dominance has surged from 38% to 58% since late 2022. this rise in dominance highlights the increasing capital rotation into bitcoin over other digital assets, including altcoins. After the fed’s money printing spree, bitcoin dominance shrank further. following the over leveraged terra (luna) collapse, tied to algorithmic stablecoin terrausd, the altcoin market suffered an estimated $60 billion loss.
Bitcoin Dominance Soars Altcoins Collapse Terra 2 0 Underway This Bitcoin (btc) dominance — a measure of bitcoin's share of the total cryptocurrency market cap — broke above 60% on feb. 2 amid a general downturn in the crypto markets in response to us. Bitcoin’s market dominance has surged past 60%, driven by institutional investment. altcoins like solana have faced volatility amid the collapse of the libra memecoin. analysts suggest bitcoin’s price consolidation may continue until a major catalyst drives significant movement. In the aftermath of ftx’s collapse, bitcoin’s surging dominance reflects a lingering distrust of altcoins among investors. this sentiment was further reinforced during the recent weekend sell off, as market participants once again flocked to bitcoin as a relatively safe haven amid market turmoil. If the eth btc pair crosses the critical threshold of 0.030 btc, a new downward phase could begin, further weakening its status as a leader among altcoins. in this context, a major question arises: can ethereum still reverse the trend, or is it doomed to lose its influence to bitcoin?.
Bitcoin Dominance Back Above 50 As Altcoins Struggle In the aftermath of ftx’s collapse, bitcoin’s surging dominance reflects a lingering distrust of altcoins among investors. this sentiment was further reinforced during the recent weekend sell off, as market participants once again flocked to bitcoin as a relatively safe haven amid market turmoil. If the eth btc pair crosses the critical threshold of 0.030 btc, a new downward phase could begin, further weakening its status as a leader among altcoins. in this context, a major question arises: can ethereum still reverse the trend, or is it doomed to lose its influence to bitcoin?. According to coinmarketcap, bitcoin’s dominance has climbed to 60.4%—its highest point since the 2021 bull market. this surge has sparked debate over whether altcoin season is imminent or if it’s been put on hold indefinitely. popular crypto analyst benjamin cowen sees a pattern. Btc’s dominance (btc.d) has climbed to 59.2%, the highest level since april 2021. this surge is attributed to the consistent underperformance of altcoins and ethereum since the bear market bottomed in q4 2022. since the collapse of ftx, btc.d has increased by 51% and risen by 16% since the beginning of 2024. After reaching interim highs, the bitcoin price has begun to consolidate and is facing upward pressure as the selling volume escalates. this has caused the price to plunge below $67,500 and also displays the chances of the token dropping below $67,000.
Crypto Trader Who Predicted Bitcoin Collapse Below 30 000 Says Btc To According to coinmarketcap, bitcoin’s dominance has climbed to 60.4%—its highest point since the 2021 bull market. this surge has sparked debate over whether altcoin season is imminent or if it’s been put on hold indefinitely. popular crypto analyst benjamin cowen sees a pattern. Btc’s dominance (btc.d) has climbed to 59.2%, the highest level since april 2021. this surge is attributed to the consistent underperformance of altcoins and ethereum since the bear market bottomed in q4 2022. since the collapse of ftx, btc.d has increased by 51% and risen by 16% since the beginning of 2024. After reaching interim highs, the bitcoin price has begun to consolidate and is facing upward pressure as the selling volume escalates. this has caused the price to plunge below $67,500 and also displays the chances of the token dropping below $67,000.