BTC market dominance exceeds 40% after 6 months

Glassnode information analyzed by CryptoSlate signifies that Bitcoin’s (BTC) market dominance exceeded 40% for the primary time since July 2022.

The chart above represents the BTC market dominance since October 2020 with the orange line. The BTC dominance was as excessive as 70% firstly of 2021. Nevertheless, this proportion retreated to only above 40% in January 2022, solely declining additional throughout the 12 months’s first half.

Aside from a brief spike the place BTC dominance reached 48% in late June, the dominance charge was lingering under 40%.

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