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Altcoin Trading Dominance at 50+% As Traders Lose Interest in BTC

Published 2023-01-06, 08:21 a/m
© Reuters. Altcoin Trading Dominance at 50+% As Traders Lose Interest in BTC

Coin Edition -

  • Bitcoin’s dominance is slightly up over the last 24 hours.

  • The majority of altcoins in the top 10 list have seen their prices drop.

  • Traders may be losing interest in the crypto market leader.

Bitcoin’s dominance is slightly up over the last 24 hours according to CoinMarketCap. At press time, the market dominance of Bitcoin (BTC) has risen 0.20% — taking the market leader’s dominance to 39.71%.

This comes after the majority of the top 10 biggest cryptos all saw their prices drop over the last 24 hours. Currently, the largest altcoin by market cap, Ethereum (ETH), has seen its price drop 0.11% over the last 24 hours. As a result, the price of ETH now stands at $1,247.81.

Meanwhile, Binance Coin (BNB) and Ripple (XRP) experienced respective price drops of 0.27% and 3%. The prices of Dogecoin (DOGE) and Polygon (MATIC) are also down 3.58% and 2.82%. Cardano (ADA) is the only altcoin on the top 10 list that has posted a gain over the last 24 hours and is now 2.39% up to trade at $0.2722.

The market intelligence firm, Cryptoquant, posted a tweet today regarding the trading dominance of altcoins compared to that of Bitcoin (BTC). According to the

The post Altcoin Trading Dominance at 50+% As Traders Lose Interest in BTC appeared first on Coin Edition.

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