Tags : dominance

Bitcoin

You can soon bet on Bitcoin’s dominance against other cryptos

A new product by crypto exchange Binance will soon allow traders to bet on Bitcoin’s increasing or decreasing share of the crypto market, it said in a release today. #Binance Futures Will Launch USDⓈ-M BTCDOM Perpetual Contracts with Up to 25X Leverage ➡️ https://t.co/RXkPj89lO0 pic.twitter.com/pmsDTo6v31 — Binance (@binance) June 17, 2021 Offered under the ‘BTCDOM’ […]Read More

Altcoin

Bitcoin Dominance Plummets while Altcoins Outperform

After grabbing the fintech world’s attention with an out-of-control rise to record prices, Bitcoin has been getting pounded this past week. 92% of altcoins have outperformed Bitcoin on the week. At the time of press, Bitcoin was down about 12% against the USD since its weekly open. This also marks a 25% drop from its […]Read More

Market

Market Wrap: Bitcoin Stays in Tight Range but Gains Dominance

Bitcoin (BTC) traded around $23,310 as of 19:00 UTC (2 p.m. ET), slipping 1.3% over the previous 24 hours. Bitcoin’s 24-hour range: $22,644.56 – $23,672.82 (CoinDesk 20) Derivatives market hints at more volatility ahead. With XRP’s sell-off, bitcoin’s dominance of the crypto market increases. Bitcoin prices, Dec. 23 – Dec. 24, 2020.Source: CoinDesk A mere […]Read More

Bitcoin

Bitcoin dominance back to 2019 levels as institutions fill their

The world’s pioneer cryptocurrency has bounced back to glory after the DeFi summer stole much of the limelight. Bitcoin’s dominance rises to 68% As per data on tracking site CoinMarketCap, Bitcoin’s market share dominance is now at 66% after a long “DeFi summer” and a mini-alt season in October. These levels were last seen in […]Read More

Litecoin

Charlie Lee explains 45% Litecoin (LTC) rally in face of

Unlike what many traders expected, the past few weeks and months have been all about Bitcoin. While certain altcoins have enjoyed strong rallies, BTC has consistently moved higher, resulting in a long-awaited correction in the Bitcoin dominance metric. Per CoinMarketCap, the metric is up from the lows of 55 percent seen in the summer to […]Read More