Bitcoin dominance falls under 40%

Bitcoin dominance falls under 40%

While Bitcoin critics claim this means that BTC is losing its first-mover competitive advantage, others are anticipating the “altcoin season” is just around the corner, or might even be already underway. Bitcoin’s market dominance has continued to fall, bottoming out below 40% this week. That’s very close to the all-time low of 36.7% in Jan 2018 according to data from Tradingview.Bitcoin (BTC) market dominance refers to the ratio between BTC’s market cap and the total crypto market cap.It's not the first time dominance has dipped in 2021. Back in May, Cointelegraph reported that BTC had....


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