Connect with us

Published

on

Follow Us

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).

Advertisement

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.

YOU MAY HAVE MISSED:
Crypto Prices Today 19 February 2024: Bitcoin and Ethereum Soar

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.

Advertisement

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

Advertisement

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
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending