Bitcoin News: Dominance At Record High Amid Ongoing Consolidation and Altcoin Push
The post Bitcoin News: Dominance At Record High Amid Ongoing Consolidation and Altcoin Push appeared on BitcoinEthereumNews.com. Key Insights: Bitcoin news and data suggested dominance flips 63% even as sustained momentum could push it towards 70% in months. Altcoins are poised for a sharp rally as the second half of the market cycle is underway. Bitcoin’s technical indicators signal a potential breakout to $120,000. Bitcoin (BTC), the top digital currency, despite being down by 0.46% in the last 24 hours, remains the dominant asset. The top coin currently has a 63.4% dominance in the digital asset market, even as altcoins continue in their ongoing consolidation move. Bitcoin Retains Investor Favor as Altcoins Struggle According to CoinMarketCap data, Bitcoin is outperforming other cryptocurrencies and altcoins as broader market conditions remain uncertain. For clarity, Bitcoin Dominance, measured in percentage, is the relative market share of Bitcoin in the overall crypto sector. With an impressive 63.4% dominance, Bitcoin remains in the lead, and altcoins have yet to gain traction in the market. Although the figure fluctuates based on price changes, the current rating of Bitcoin suggests that the coin has the attention of investors for now. However, it is worth mentioning that among altcoins, Ethereum (ETH) has climbed 2.02% and has a 9.4% dominance rating. Bitcoin Dominance Chart | Source: CoinMarketCap This leaves the rest of the altcoins with a 27.2% dominance over Bitcoin and Ethereum. The figures signal investors have a lower risk appetite and are largely cautious, possibly due to the broader financial market events. Meanwhile, according to an update from Crypto Dives, a cryptocurrency analytical platform, if Bitcoin sustains the current pace, it could soar to 70% before the end of 2025. BTC needs to experience an increased price against altcoins to continue its dominance over altcoins. Crypto Dives believes that Bitcoin has a bullish outlook and could hit the 70% projection or surpass it before time…
The post Bitcoin News: Dominance At Record High Amid Ongoing Consolidation and Altcoin Push appeared on BitcoinEthereumNews.com.
Key Insights: Bitcoin news and data suggested dominance flips 63% even as sustained momentum could push it towards 70% in months. Altcoins are poised for a sharp rally as the second half of the market cycle is underway. Bitcoin’s technical indicators signal a potential breakout to $120,000. Bitcoin (BTC), the top digital currency, despite being down by 0.46% in the last 24 hours, remains the dominant asset. The top coin currently has a 63.4% dominance in the digital asset market, even as altcoins continue in their ongoing consolidation move. Bitcoin Retains Investor Favor as Altcoins Struggle According to CoinMarketCap data, Bitcoin is outperforming other cryptocurrencies and altcoins as broader market conditions remain uncertain. For clarity, Bitcoin Dominance, measured in percentage, is the relative market share of Bitcoin in the overall crypto sector. With an impressive 63.4% dominance, Bitcoin remains in the lead, and altcoins have yet to gain traction in the market. Although the figure fluctuates based on price changes, the current rating of Bitcoin suggests that the coin has the attention of investors for now. However, it is worth mentioning that among altcoins, Ethereum (ETH) has climbed 2.02% and has a 9.4% dominance rating. Bitcoin Dominance Chart | Source: CoinMarketCap This leaves the rest of the altcoins with a 27.2% dominance over Bitcoin and Ethereum. The figures signal investors have a lower risk appetite and are largely cautious, possibly due to the broader financial market events. Meanwhile, according to an update from Crypto Dives, a cryptocurrency analytical platform, if Bitcoin sustains the current pace, it could soar to 70% before the end of 2025. BTC needs to experience an increased price against altcoins to continue its dominance over altcoins. Crypto Dives believes that Bitcoin has a bullish outlook and could hit the 70% projection or surpass it before time…
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