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Trader Warns of Correction as BTC Dominance Reaches 2021 Levels

Altszn.com by Altszn.com
October 24, 2024
in Blockchain, Crypto, DeFi, Web3
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Trader Warns of Correction as BTC Dominance Reaches 2021 Levels
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“Ethereum continues to lose market share to bitcoin and other altcoins. As a result, BTC’s share of all cryptocurrency capitalization has risen to 57.3%, the highest since April 2021,” Alex Kuptsikevich, senior market analyst at FxPro told CoinDesk in an email. “But that doesn’t necessarily mean an upward trend for the top cryptocurrency, which has pulled back below $67K, losing 1% in the last day and nearly 4% from its peak on 21 October.



Read More: www.coindesk.com

Tags: BTCCorrectionDeFidominanceLevelsreachesTraderWarns
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    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 104,172.00
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    • nearNEAR Protocol (NEAR) $ 2.44
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    • susdssUSDS (SUSDS) $ 1.05
    • ethereum-classicEthereum Classic (ETC) $ 17.11
    • bitcoinBitcoin (BTC) $ 104,219.00
    • ethereumEthereum (ETH) $ 2,579.69
    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.19
    • bnbBNB (BNB) $ 655.51
    • solanaSolana (SOL) $ 149.87
    • usd-coinUSDC (USDC) $ 0.999710
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    • tronTRON (TRX) $ 0.272932
    • cardanoCardano (ADA) $ 0.671599
    • staked-etherLido Staked Ether (STETH) $ 2,582.22
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 104,081.00
    • hyperliquidHyperliquid (HYPE) $ 34.57
    • wrapped-stethWrapped stETH (WSTETH) $ 3,115.21
    • suiSui (SUI) $ 3.14
    • chainlinkChainlink (LINK) $ 13.63
    • leo-tokenLEO Token (LEO) $ 9.16
    • avalanche-2Avalanche (AVAX) $ 19.95
    • stellarStellar (XLM) $ 0.264885
    • bitcoin-cashBitcoin Cash (BCH) $ 399.17
    • the-open-networkToncoin (TON) $ 3.21
    • shiba-inuShiba Inu (SHIB) $ 0.000013
    • usdsUSDS (USDS) $ 0.999622
    • hedera-hashgraphHedera (HBAR) $ 0.166467
    • wethWETH (WETH) $ 2,579.51
    • wrapped-eethWrapped eETH (WEETH) $ 2,756.57
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    • bittensorBittensor (TAO) $ 368.02
    • okbOKB (OKB) $ 50.19
    • crypto-com-chainCronos (CRO) $ 0.100677
    • aptosAptos (APT) $ 4.77
    • nearNEAR Protocol (NEAR) $ 2.44
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
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    • ethereum-classicEthereum Classic (ETC) $ 17.11