Get Ready for the Bitcoin Halving, Only 2 Days Left
Follow Us @
Get Ready for the Bitcoin Halving, Only 2 Days Left
Bitcoin's market cap dominance has reached its highest level in three years as altcoins feel renewed price pressure. Data from Cointelegraph Markets Pro and TradingView shows Bitcoin's share of total crypto market capitalization jumped to 56.3% on April 12.
Reporting from Cointelegraph, Wednesday (17/4/2024), altcoins experienced a decline after the decline in BTC prices. BTC price action suffered until the weekend with a flow of liquidations that brought BTC below USD 65,300 or the equivalent of IDR 1.05 billion (assuming an exchange rate of IDR 16,258 per US dollars).
However, at the same time, altcoins are facing much worse conditions, with data showing many of the top twenty cryptocurrencies by market capitalization down more than 15%.
In doing so, altcoins shed crypto market share to Bitcoin, and the recent highs mark the crypto market's most heavily weighted against Bitcoin since April 2021.
Crypto traders are among those who have noted the disparity in withdrawals between Bitcoin and altcoins in recent days.
Alt Season Expectations Historically, Bitcoin bull markets tend to experience dominance breakthroughs in the early stages, with altcoins later catching up after BTC undergoes a prolonged period of consolidation.
So far in 2024, altcoins, while performing well, have not experienced such conditions for any meaningful period of time. However, predict what will happen next.
Get Ready for the Bitcoin Halving, Only 2 Days Left
Follow TODAYSGIST on Google News and receive alerts for the main trending news on cryptocurrency, market trends, upcoming events, predictions, sanctions and lots more!
SHARE POST AND EARN REWARDS:
Did you like this post?!!! Join our Audience reward campaign and make money reading articles, shares, likes and comment >> Join reward Program
FIRST TIME REACTIONS:
Be the first to leave us a comment, down the comment section. click allow to follow this topic and get firsthand daily updates.
JOIN US ON OUR SOCIAL MEDIA: << FACEBOOK >> | << WHATSAPP >> | << TELEGRAM >> | << TWITTER >
#Ready #Bitcoin #Halving #Days #Left
-
usa today entertainment3 months ago
Red Eye (TV series 2024) Download Mp4 ▷ Todaysgist
-
usa today entertainment3 months ago
Luxe Listings Toronto (TV series) Download Mp4 ▷ Todaysgist
-
Cryptocurrency3 months ago
Perpetrator Laundering Money Using Crypto Worth IDR 3.7 Trillion Caught in Hong Kong
-
usa today entertainment3 months ago
HYBE Confirms There Was an Attempted Rebellion at ADOR, Says Gibah Min Hee Jin with Other Agency Officials
-
Cryptocurrency3 months ago
Today's Crypto Prices 30 April 2024: Bitcoin CS is on fire again
-
usa today entertainment3 months ago
Brigands The Quest For Gold (2024) (Italian) (TV series) Download Mp4 ▷ Todaysgist
-
Sports3 months ago
The schedule for the rematch against Udinese is not favorable for AS Roma
-
Horoscope3 months ago
check out today’s forecast (04/26) for your sign – Cities on the Net