Bitcoin’s Market Dominance Grows, Sustained by Long-Term Holder Support

Following the cycle low in November 2022, capital has progressively shifted towards the leading cryptocurrencies at the top of the digital asset risk curve.

On the other hand, Ethereum, as the second-largest asset in the ecosystem, has experienced a 1.5% decrease in dominance, remaining largely unchanged over the last two years. Stablecoins and the broader altcoin sector have witnessed more significant declines of 9.9% and 5.9%, respectively. Although market conditions have been volatile, the report said that “prices are generally flat over the last few months, suggesting a form of equilibrium is being reached.”suggests that this trend highlights that HODLing behavior is far surpassing spending. However, it is the short-term holders who have faced the brunt of the losses during the recent downturn.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nvidia faces two DOJ antitrust probes over market dominanceThe first investigation will see the DOJ examine Nvidia’s buyout of Run:ai, while the second will assess if Nvidia abused its dominance in AI chip markets.
Source: verge - 🏆 94. / 67 Read more »

Apple's new iPad Airs and Pros help the company consolidate its tablet market dominanceAdrian, a mobile technology enthusiast since the Nokia 3310 era, has been a dynamic presence in the tech journalism field, contributing to Android Authority, Digital Trends, and Pocketnow before joining PhoneArena in 2018. His expertise spans across various platforms, with a particular fondness for the diversity of the Android ecosystem.
Source: PhoneArena - 🏆 322. / 59 Read more »

Ripple (XRP) Defies Market Sentiment With 8% Surge, Bitcoin (BTC) Struggles at $66K (Market Watch)Crypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »