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BTC market dominance exceeds 40% after 6 months


cryptoslate.com 04 January 2023 07:30, UTC
Reading time: ~2 m

Glassnode data analyzed by CryptoSlate indicates that Bitcoin’s (BTC) market dominance exceeded 40% for the first time since July 2022.

The chart above represents the BTC market dominance since October 2020 with the orange line. The BTC dominance was as high as 70% at the beginning of 2021. However, this percentage retreated to just above 40% in January 2022, only declining further during the year’s first half.

Except for a short spike where BTC dominance reached 48% in late June, the dominance rate was lingering below 40%.


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