Bitcoin’s Crypto Market Dominance Rises to 50% and It Could Go Higher, Say Analysts

) has been running in place for the last month – its current price of $26,700 essentially flat from 30 days ago – but its market dominance has been on the rise as risks rise for the rest of the cryptocurrency sector.

The Bitcoin market dominance rate, which tracks the largest cryptocurrency's share of the total digital asset market, rose to 50.2% earlier on Monday, its strongest level in a month and near a 26-month high of 52% reached at the end of June. Taking a broader view, bitcoin’s market dominance was in a range between 39% and 49% for more than two years before it broke out to that 52% level in June after asset manager BlackRock’s filing for a spot BTC exchange-traded fund spurred hopes about unleashing massive inflows into the asset.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Google Antitrust Trial: DOJ Focuses Not Only on Market Dominance, but also Its Fortress of DataAs the federal government's first antitrust trial of the modern internet era unfolds, the spotlight is on data's role in Google's alleged anticompetitive behavior in building a wall around data, which the DOJ calls the 'oxygen for a search engine.'
แหล่ง: BreitbartNews - 🏆 610. / 51 อ่านเพิ่มเติม »

FTX’s Crypto Liquidation Sales Unlikely to Cause Market Shock: CoinbaseThe token sales won’t flood the market because liquidations are bound by volume limits, the report said.
แหล่ง: CoinDesk - 🏆 291. / 63 อ่านเพิ่มเติม »

Toncoin leads bitcoin in crypto market rally after Telegram endorsementToncoin rallied on Monday, as the native token of the The Open Network was boosted by a fresh endorsement from Telegram.
แหล่ง: TheBlock__ - 🏆 464. / 53 อ่านเพิ่มเติม »