• bitcoinBitcoin (BTC) $ 97,929.00
  • ethereumEthereum (ETH) $ 3,422.48
  • tetherTether (USDT) $ 0.999834
  • xrpXRP (XRP) $ 2.28
  • bnbBNB (BNB) $ 673.37
  • solanaSolana (SOL) $ 191.75
  • dogecoinDogecoin (DOGE) $ 0.333996
  • usd-coinUSDC (USDC) $ 0.999898
  • cardanoCardano (ADA) $ 0.947731
  • staked-etherLido Staked Ether (STETH) $ 3,422.28
  • tronTRON (TRX) $ 0.250063
  • avalanche-2Avalanche (AVAX) $ 40.21
  • chainlinkChainlink (LINK) $ 23.55
  • wrapped-stethWrapped stETH (WSTETH) $ 4,085.83
  • the-open-networkToncoin (TON) $ 5.44
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  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 97,604.00
  • stellarStellar (XLM) $ 0.374559
  • polkadotPolkadot (DOT) $ 7.38
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  • wethWETH (WETH) $ 3,420.85
  • bitcoin-cashBitcoin Cash (BCH) $ 465.21
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  • uniswapUniswap (UNI) $ 13.74
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  • nearNEAR Protocol (NEAR) $ 5.31
  • bitget-tokenBitget Token (BGB) $ 4.25
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  • crypto-com-chainCronos (CRO) $ 0.166702
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  • vechainVeChain (VET) $ 0.047964
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  • moneroMonero (XMR) $ 192.11
  • whitebitWhiteBIT Coin (WBT) $ 24.47
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 1.35
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  • filecoinFilecoin (FIL) $ 5.19
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  • fantomFantom (FTM) $ 1.06
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  • okbOKB (OKB) $ 45.83
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  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 2.68
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  • immutable-xImmutable (IMX) $ 1.45
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  • theta-tokenTheta Network (THETA) $ 2.26
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  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,422.75
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 97,946.00
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.030367
  • sei-networkSei (SEI) $ 0.450307
  • worldcoin-wldWorldcoin (WLD) $ 2.33
  • thorchainTHORChain (RUNE) $ 5.31
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,535.76
  • jasmycoinJasmyCoin (JASMY) $ 0.035351
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  • lido-daoLido DAO (LDO) $ 1.76
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,592.05
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  • tokenize-xchangeTokenize Xchange (TKX) $ 18.94
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 97,794.00
  • beam-2Beam (BEAM) $ 0.028430
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  • the-sandboxThe Sandbox (SAND) $ 0.590382
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  • usual-usdUsual USD (USD0) $ 1.00
  • nexoNEXO (NEXO) $ 1.37
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 97,876.00
  • tezosTezos (XTZ) $ 1.34
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  • based-brettBrett (BRETT) $ 0.136258
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  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,516.93
  • heliumHelium (HNT) $ 7.05
  • binance-staked-solBinance Staked SOL (BNSOL) $ 195.83
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  • jupiter-exchange-solanaJupiter (JUP) $ 0.873371
  • flowFlow (FLOW) $ 0.748420
  • xdce-crowd-saleXDC Network (XDC) $ 0.078341
  • starknetStarknet (STRK) $ 0.500687
  • arweaveArweave (AR) $ 17.12
  • iotaIOTA (IOTA) $ 0.311749
  • bitcoin-svBitcoin SV (BSV) $ 55.83
  • aioz-networkAIOZ Network (AIOZ) $ 0.965110
  • dydx-chaindYdX (DYDX) $ 1.54
  • bittorrentBitTorrent (BTT) $ 0.000001
  • curve-dao-tokenCurve DAO (CRV) $ 0.858939
  • msolMarinade Staked SOL (MSOL) $ 237.66
  • coredaoorgCore (CORE) $ 1.14
  • neoNEO (NEO) $ 14.64
  • axie-infinityAxie Infinity (AXS) $ 6.54
  • elrond-erd-2MultiversX (EGLD) $ 36.30
  • matic-networkPolygon (MATIC) $ 0.498275
  • decentralandDecentraland (MANA) $ 0.498351
  • solv-protocol-solvbtc-bbnSolv Protocol SolvBTC.BBN (SOLVBTC.BB) $ 97,192.00
  • apecoinApeCoin (APE) $ 1.22
  • fartcoinFartcoin (FARTCOIN) $ 0.849039
  • pendlePendle (PENDLE) $ 5.32
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 97,332.00
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,424.71
  • zcashZcash (ZEC) $ 54.52
  • eigenlayerEigenlayer (EIGEN) $ 3.99
  • mog-coinMog Coin (MOG) $ 0.000002
  • jito-governance-tokenJito (JTO) $ 3.07
  • chilizChiliz (CHZ) $ 0.089481
  • akash-networkAkash Network (AKT) $ 3.32
  • ai16zai16z (AI16Z) $ 0.725695
  • conflux-tokenConflux (CFX) $ 0.167135
  • wormholeWormhole (W) $ 0.284487
  • popcatPopcat (POPCAT) $ 0.802355
  • mina-protocolMina Protocol (MINA) $ 0.638598
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 3,423.20
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 204.71
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  • havvenSynthetix Network (SNX) $ 2.12
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  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 3,423.93
  • chiaChia (XCH) $ 22.00
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  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.333431
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  • dog-go-to-the-moon-runeDOG•GO•TO•THE•MOON (Runes) (DOG) $ 0.006939
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  • chex-tokenCHEX Token (CHEX) $ 0.662540
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  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 3,593.08
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  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 3,419.57
Bitcoin

Bitcoin Dominance Surges, Accounting For Nearly Half of The $1T Crypto Market, Amid Altcoin Selloff

By admin
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Bitcoin Dominance Surges, Accounting For Nearly Half of The $1T Crypto Market, Amid Altcoin Selloff

Bitcoin’s (BTC) dominance rate or share in the total crypto market capitalization rose early Saturday, nearing the 50% mark for the first time since April 2021, according to data tracked by charting platform TradingView.

The uptick came as alternative cryptocurrencies (altcoins) like SOL, MATIC, DOGE, and ADA suffered double-digit losses amid rumors of a $2 billion portfolio dump by a proprietary trading firm.

Meanwhile, bitcoin lost just 3%. The relative outperformance perhaps stemmed from increased haven demand – investors moving money out of altcoins and into bitcoin, the world’s largest and most liquid cryptocurrency.

«Bitcoin’s relative dominance mooning amid altcoin market sell-off. Flight to majors (1st stage before crashes occur),» pseudonymous crypto trader and analyst @52kskew tweeted.

BTC’s dominance rate has been steadily rising since November and surged during the March U.S. banking crisis. The indicator now looks to be breaking out of its three-year oscillation pattern, a sign of continued bitcoin outperformance in months ahead, according to Decentral Park Capital’s Lewis Harland.

Tether, the world’s largest dollar-pegged stablecoin, also likely benefitted from Saturday’s risk aversion. Its dominance rate jumped 5% to 7.82%, the highest since Jan. 8, TradingView data showed.

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