Cryptocurrency Q&A
What is BTC dominance in the bull market?
What is BTC dominance in the bull market?
CryptoNinja
Wed Oct 09 2024
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6 answers
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I want to understand the concept of BTC dominance, specifically in the context of a bull market. How does it manifest and what are its characteristics during such market conditions?
6 answers
Martino
Fri Oct 11 2024
Market analysts are eagerly anticipating a decisive breakthrough above this threshold, which they believe would signify a significant turning point for the cryptocurrency.
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Lucia
Fri Oct 11 2024
If Bitcoin manages to close convincingly above this level, it could be interpreted as a definitive victory over the bears, marking the end of their dominance.
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Dario
Fri Oct 11 2024
According to data provided by Cointelegraph Markets Pro and TradingView, Bitcoin's market dominance currently stands at 57.39%, reflecting its status as the leading cryptocurrency.
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Carlo
Fri Oct 11 2024
However, this figure represents a decline of 1.09% over the past week, hinting at potential shifts in the market landscape and the emergence of other players in the crypto space.
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Alessandra
Fri Oct 11 2024
The crucial resistance level for Bitcoin has been a formidable barrier since March 2024, consistently capping its upward momentum.
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