BTC market dominance exceeds 40% after 6 months

Glassnode data analyzed by CryptoSlate indicates that Bitcoin’s (BTC) market dominance exceeded 40% for the first time since July 2022.

BTC market dominance

The chart above represents the BTC market dominance since October 2020 with the orange line. The BTC dominance was as high as 70% at the beginning of 2021. However, this percentage retreated to just above 40% in January 2022, only declining further during the year’s first half.

Except for a short spike where BTC dominance reached 48% in late June, the dominance rate was lingering below 40%.

The post BTC market dominance exceeds 40% after 6 months appeared first on CryptoSlate.

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