Bitcoin Dominance Reaches New High Amid Ether's Underperformance
Bitcoin's dominance in the cryptocurrency market has reached a new high of 58.91%, a level not seen since April 2021. This rise in dominance can be attributed to the underperformance of ether. Despite this, the cryptocurrency market as a whole has been on the rise, with bitcoin leading the way with a week-over-week gain of over 12%, breaking the $68,000 mark for the first time since late July. The CoinDesk 20 Index, which measures the performance of the top 20 cryptocurrencies, has also seen an increase of 9% over the same time period.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CandyBomb x RAVE: Trade futures to share 200,000 RAVE!
Bitget TradFi: Trade gold, forex, and more assets in one account
CandyBomb x US: Trade to share 5,400,000 US
[Initial Listing] Bitget to list Almanak (ALMANAK). Grab a share of 4,200,000 ALMANAK
