Grayscale Predicts Bitcoin Dominance to Stabilize Amid Market Shifts – Coincu
The post Grayscale Predicts Bitcoin Dominance to Stabilize Amid Market Shifts – Coincu appeared on BitcoinEthereumNews.com. Key Points: Zach Pandl predicts Bitcoin’s dominance stabilization amid macro trends. Bitcoin may stabilize between 60%-70% market share. Market conditions favor Bitcoin and altcoins equally. Grayscale’s Director of Research, Zach Pandl, highlighted a forecast for Bitcoin, projecting its market share to stabilize between 60% and 70% within 9 to 12 months globally. Pandl emphasized that macroeconomic factors elevate Bitcoin’s position, countered by innovations bolstering altcoins. Zach Pandl from Grayscale noted that Bitcoin’s dominance is expected to rise amid macroeconomic instability impacting the U.S. dollar. He asserted, “Bitcoin’s dominance may stabilize rather than drop significantly.” Institutional adoption, particularly ETFs, positions Bitcoin as a secure non-sovereign asset. Bitcoin Dominance to Steady Between 60%-70% Zach Pandl from Grayscale noted that Bitcoin’s dominance is expected to rise amid macroeconomic instability impacting the U.S. dollar. He asserted, “Bitcoin’s dominance may stabilize rather than drop significantly.” Institutional adoption, particularly ETFs, positions Bitcoin as a secure non-sovereign asset. “Bitcoin’s dominance might increase when the market focuses on macroeconomic instability and risks facing the U.S. dollar. Conversely, it may decrease when attention shifts to blockchain technology applications and innovations in the crypto sector.” The market responses reflected mixed sentiments, with industry experts noting Bitcoin’s role as a macro hedge asset. Pandl’s statement underscores cautious optimism, recognizing a balance between Bitcoin and blockchain technology’s allure among investors. Analyzing Historical Context and Current Market Data Did you know? Historically, Bitcoin’s market dominance often gains during periods of economic instability and uncertainty, surpassing 60% consistently since the 2020 pandemic onset. Bitcoin (BTC) trades around $102,951.59 with a market cap of $2.05 trillion, as per CoinMarketCap. It holds a dominance of 62.53%, with a recent 0.70% slide over 24 hours. Bitcoin’s trading volume reached $41.30 billion, marking a 17.7% decline. Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 12:51 UTC on May 17,…
The post Grayscale Predicts Bitcoin Dominance to Stabilize Amid Market Shifts – Coincu appeared on BitcoinEthereumNews.com.
Key Points: Zach Pandl predicts Bitcoin’s dominance stabilization amid macro trends. Bitcoin may stabilize between 60%-70% market share. Market conditions favor Bitcoin and altcoins equally. Grayscale’s Director of Research, Zach Pandl, highlighted a forecast for Bitcoin, projecting its market share to stabilize between 60% and 70% within 9 to 12 months globally. Pandl emphasized that macroeconomic factors elevate Bitcoin’s position, countered by innovations bolstering altcoins. Zach Pandl from Grayscale noted that Bitcoin’s dominance is expected to rise amid macroeconomic instability impacting the U.S. dollar. He asserted, “Bitcoin’s dominance may stabilize rather than drop significantly.” Institutional adoption, particularly ETFs, positions Bitcoin as a secure non-sovereign asset. Bitcoin Dominance to Steady Between 60%-70% Zach Pandl from Grayscale noted that Bitcoin’s dominance is expected to rise amid macroeconomic instability impacting the U.S. dollar. He asserted, “Bitcoin’s dominance may stabilize rather than drop significantly.” Institutional adoption, particularly ETFs, positions Bitcoin as a secure non-sovereign asset. “Bitcoin’s dominance might increase when the market focuses on macroeconomic instability and risks facing the U.S. dollar. Conversely, it may decrease when attention shifts to blockchain technology applications and innovations in the crypto sector.” The market responses reflected mixed sentiments, with industry experts noting Bitcoin’s role as a macro hedge asset. Pandl’s statement underscores cautious optimism, recognizing a balance between Bitcoin and blockchain technology’s allure among investors. Analyzing Historical Context and Current Market Data Did you know? Historically, Bitcoin’s market dominance often gains during periods of economic instability and uncertainty, surpassing 60% consistently since the 2020 pandemic onset. Bitcoin (BTC) trades around $102,951.59 with a market cap of $2.05 trillion, as per CoinMarketCap. It holds a dominance of 62.53%, with a recent 0.70% slide over 24 hours. Bitcoin’s trading volume reached $41.30 billion, marking a 17.7% decline. Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 12:51 UTC on May 17,…
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