After the approval of the spot Bitcoin ETF, the market dominance of Bitcoin has risen to 49.8%, while the shares of altcoins and stablecoins have declined
According to data disclosed by Glassnode, after the approval of spot Bitcoin ETF, Bitcoin is increasingly dominating overall. Compared to November 2022 when FTX exchange collapsed, BTC's market dominance has risen from 38.9% to 49.8%. On the other hand, ETH has also maintained its market dominance, currently ranging between 18.9% and 18.2%. The major cryptocurrencies that have lost market share in the cryptocurrency market are altcoins, whose market dominance has decreased from 28.3% to 24.2%, while stablecoins' share has also dropped from 13.9% to 7.8%.
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
Report: Samsung plans to return up to 79 billions USD to shareholders
After the close of the South Korean stock market on Friday, Samsung Electronics’ board of directors is expected to announce a major shareholder return plan estimated at between 90 trillion and 110 trillion won (approximately $65 to $79 billion), potentially marking the largest capital return in the company’s history. Investors are closely watching the allocation ratio between dividends and buybacks, as well as the execution timeline.
Happen SVP, Corporate Controller Fergal Stack disposes of common shares worth $2.15 million
Aeva CFO Saurabh Sinha sells 70,000 shares for $1.48 million
Aluminum premium slips as US set to cut tariffs on Canada metal
Crypto prices
More
