Btc dominance
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Why Expensive Bitcoin And A Weakening Greenback Sparks Alt Season
Bitcoin dominance fell sharply during the recent crypto bull market: from a high of about 74% in December 2020 to a low of 39% in January this year. Right now, it’s sitting at around 46% and is in a new uptrend – hitting higher highs and higher lows. The chart below shows what’s going on here, with each bar representing one week’s worth of movement in the metric. Btc d Bitcoin is consolidating in a critical support zone after losing 10% of its value in a week. The 50-day simple moving average ($27,494) is on the chart, and as seen in previous time, this is often indicative of a big move, but it is unclear in which direction. The RSI on the positive side gives bulls a slight edge, as does the downsloping 200-day moving average and 50-day upsloping moving average.
Bitcoin dominance chart
Bitcoin dominance has become a key statistical measurement of the overall state of the crypto market. Because of Bitcoin’s safe haven status and role as the preeminent crypto asset, measuring its market cap in proportion to the rest of crypto provides valuable insight into market sentiment and investor behavior. Play-to-Earn on Social Media This chart compares the Bitcoin Dominance and the Ethereum Dominance by combing both data lines. The chart contains the Bitcoin and Ethereum Dominance with excluded Stable Coins. Each data line has their own calculations, though they both exclude all stablecoins from within the cryptocurrency space.
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Mobile reviews with 4.9 average rating. No other fintech apps are more loved. How can the Bitcoin Dominance Chart predict the altcoin season? If investors are exhibiting a lot of greed, it's worth considering whether the market is overextended and due for a correction. When fear is the dominant sentiment in the market, on the other hand, there can be good opportunities for buying.
Btc dominance chart
Traders and investors use our platform. How To Buy Bitcoin (BTC) In India? Bitcoin dominance has seen significant changes over the years. In the early days of cryptocurrency, the BTC dominance was extremely high, as the cryptocurrency space was small and consisted of Bitcoin and a handful of smaller projects.
