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The domain rate of Bitcoin
BUY NOW It has shown little sign of slowing as it approaches its fourth weekly green close in a row. The altcoin market could suffer a slight loss if BTC goes on like this.
Bitcoin’s dominance, the metric that weighs its market share against the total, has had a healthy second quarter so far. After making a lot of noise in January with 70% dominance in 2020, Bitcoin dropped to 62% just a month later.
BTC peaked at 69% on May 8, 2020, when the price hit a local high of $ 10,000, but fell somewhat during the following short correction.
At the time of writing, the domain rose again to 68.2%.
Bitcoin’s dominance has become much less volatile, especially in the past year and a half. Since July 2019, the domain has generally fluctuated between 63% and 71%.
The recent halving of Bitcoin’s block reward likely plays a big role in increasing dominance and price. If the trend continues, the altcoin market could experience a major shock in the second half of the year.
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As a leading blockchain and fintech news company, BeInCrypto always strives to comply with strict editorial guidelines and the highest journalistic standards. With this in mind, we always encourage and encourage readers to do their own research into the information contained in this article. This article is intended as news and is for informational purposes only. The topic of the article and the information provided may have an impact on the value of a digital or cryptocurrency asset, but is never intended. Likewise, the content of the article and the information contained therein do not intend and do not intend to provide sufficient information for a financial or investment decision. This article is not expressly intended as financial advice, it is not financial advice and should not be construed as financial advice. The content and information in this article have not been prepared by a certified financial professional. All readers should always conduct their own due diligence with a certified financial professional before making an investment decision. The author of this article may have any amount of Bitcoin, cryptocurrencies, other digital currencies, or financial instruments at the time of writing, including but not limited to those listed in the content of this article.
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