The market dominance of Bitcoin (BTC) has risen to over 50% again after the past two years.
bitcoin 20 June As of today, the crypto money market sector again to more than 50% dominated. Bitcoin’s total market cap 520 billion total market cap of the cryptocurrency market when measured in dollars 1.039 trillion recorded in dollars.
of the US Securities and Exchange Commission (SEC) And Commodity Futures Trading Commission (CFTC) crypto industry actors through legal means compression and recently many cryptocurrencies securities that it is to be claimed of investors to altcoins in his interest to the decline caused.
across altcoins price drop with connected at market value while regressing regressive crypto market total value in bitcoin And Ethereum (ETH) re-emerged.
What’s next?
Bitcoin given the previous bull season data From 3 thousand dollars to 68 thousand dollars While rallying until Bitcoin dominance, after an accumulation process From 51% levels to 73% levels observed to be on the rise.
Then, by entering the saturation period of Bitcoin, it appears to have left it to altcoins. After this process, Bitcoin, even if it experiences withdrawals Big rises in Ethereum and other altcoins is detected to occur.
Looking at the current situation, it is estimated that Bitcoin realized the accumulation process and broke the dominance upwards. According to the previous bull data, Bitcoin’s dominance over the crypto money market and its price are expected to increase. Next Bitcoin domination When it reaches 58-60% levels, it becomes saturated. will reach Ethereum and other altcoins, and they will also rise.
According to Coinecko data, the latest 30 days in 1.1% depreciating bitcoinend 24 hours in 1.4% by gaining value as of writing 26,784 traded at the dollar level.