cryptd.in

另类 LinkedIn 适合加密人才

Bitcoin Dominance Hits 4-Year High Amid Altcoin Annihilation

-

由

cryptd.in
于

Bitcoin market dominance is currently at a 4-year high of more than 62%, its highest level since March 2021, despite its 29% correction.

There was a brief spike above this level on Feb. 3, but that appears to be an isolated wick, whereas recent increases have been more sustained, 根据 to Tradingview.

Moreover, BTC market share has been steadily rising since early December, when it fell to 55% sparking hopes of an altseason that never materialized.

“Bitcoin dominance has surged to a new cycle high, surpassing its previous peak – clear evidence that the altcoin rally was short-lived,” reported Matrixport on March 12.

BTC Eats Markets

“Savvy traders have rotated out of altcoins and into Bitcoin, which, despite its own decline, has significantly outperformed the broader altcoin market,” it added.

The next leg of the Bitcoin rally “may require more patience,” with the Federal Reserve likely to maintain its hawkish stance, it stated.

Analysts have flagged 70% BTC dominance as the peak of its cycle, and a fall from this could signal the beginning of altseason. But that appears to be a long way off at the moment, with most altcoins dropping below 50% from their previous peaks.

Ethereum, the world’s second-largest crypto asset, has taken the brunt of the pain, with its market share slumping to its lowest point for almost five years this week at 8.5%, 根据 to Tradingview.

ETH prices have returned to bear market lows, tanking below $1,800 on March 11 and failing to recover the key $2,000 level.

It is also the weakest it has been against Bitcoin since May 2020, with the ETH/BTC ratio slumping to 0.022 this week.

Altcoin Annihilation

Ethereum is not the only altcoin in pain, however.

Solana has pretty much collapsed over the past couple of months as the memecoin bubble burst. The network derives 80% of its revenue and utility from memecoin minting and trading. As a result, SOL prices have collapsed 60% in just two months since their all-time high in mid-January, and network revenue is down 90%.

Cardano (ADA) had a couple of brief spurts to top $1, but the asset remains down 76% from its 2021 peak. Dogecoin (DOGE) has also pumped and dumped and is currently down the same percentage from its peak almost four years ago.

Other altcoins slipping into bear market territory (more than 70% down from their peaks) include Chainlink (LINK), Stellar Lumens (XLM), Avalanche (AVAX), Shiba Inu (SHIB), Bitcoin Cash (BCH), Litecoin (LTC), and Polkadot (DOT).

职位 Bitcoin Dominance Hits 4-Year High Amid Altcoin Annihilation 首次出现在 加密土豆.

评论

发送留言

發佈留言必須填寫的電子郵件地址不會公開。 必填欄位標示為 *

最新信息

热门类别

zh_TW 繁體中文
zh_TW 繁體中文 en_US English ro_RO Română et Eesti ko_KR 한국어 ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

搜索网站

热门故事

标签

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #Bitcoin (276) #BitcoinETF (3) #itcoinFundamentals (1) # 比特币处理 (1) # 比特币价格 (5) # 比特币价格水平 (1) #BitcoinPump (1) #BitcoinReserve (1) #BitcoinSurge (1) #itcoinTop (1) #Bitfinex (1) #Bitwise (1) #BracebridgeCapital (1) #BRC20Tokens (1) #BTC 收购 (1) 1TP5 看涨预测 (1) #BullishSentiment (1) #C 中国矿业 (1) #CPIPreview (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (47) #ogecoinGains (1) #ogecoinVolume (1) #DutchCourt (2) #ECommerce (1) #El萨尔瓦多比特币 (1) #E以太坊 (57) #EthereumPain (1) #E以太坊价格 (1) #ExpertOpinion (1) #FedRateCut (1) #FiatCurrency (1) #F 财务影响 (1) #F 财务隐私 (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #InflationData (1) #Investment (1) #InvestmentLoss (1) #JapaneseFirm (1) #L LegalAction (1) #L 法律影响 (1) #Legislation (1) #LightningNetwork (1) #M 市场分析 (3) #M 市场监测 (1) #M 市场预测 (1) #M 市场预测 (1) #M 市场投影 (1) #M 市场支持 (1) #M 市场波动性 (1) #M 婚姻 (1) #MemeCoin (5) #MemeCoins (2) #Miner 盈利能力 (1) #M 洗钱 (2) #MtGox (3) #朝鲜加密货币 (1) #诺沃格拉茨预测 (1) 1TP5价格里程碑 (1) #P 价格预测 (2) 1TP5价格问题 (1) #PriceSurge (1) #PrisonSentence (1) # 量化分析 (1) #R 监管压力 (1) #SECA Anti-Crypto (1) #ShibaInu (4) #SocialBuzz (1) #T 技术分析 (1) #Toncoin (3) #T 龙卷风现金 (3) #T 龙卷风现金发展项目 (1) #T 龙卷风现金开发者 (1) #UKCrypto (1) #UpsidePotential (1) #USCongress (1) #WyomingLand (1) #XRPPrice (1) #XRPupswing (1)

实用链接

我发现了一些有用的链接，希望与大家分享。