{"id":23924,"date":"2023-10-10T10:20:05","date_gmt":"2023-10-10T10:20:05","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoins-dominance-level-now-above-50-as-altcoins-underperform\/"},"modified":"2023-10-10T10:20:05","modified_gmt":"2023-10-10T10:20:05","slug":"bitcoins-dominance-level-now-above-50-as-altcoins-underperform","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoins-dominance-level-now-above-50-as-altcoins-underperform\/","title":{"rendered":"Bitcoin&#8217;s dominance level now above 50% as altcoins underperform"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/10\/1696931827380-0739282f-3d41-467d-a5ba-0ca4761582f7-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/10\/1696931827380-0739282f-3d41-467d-a5ba-0ca4761582f7-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/10\/1696931827380-0739282f-3d41-467d-a5ba-0ca4761582f7-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/10\/1696931827380-0739282f-3d41-467d-a5ba-0ca4761582f7-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<p dir=\"ltr\">Key takeaways<\/p>\n<ul>\n<li dir=\"ltr\">\n<p dir=\"ltr\">Bitcoin\u2019s market dominance now stands above 50% as Ether and other major altcoins underperform.<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">The broader crypto market is currently bearish due to the geopolitical uncertainty in the Middle East.<\/p>\n<\/li>\n<\/ul>\n<h2 dir=\"ltr\">Bitcoin\u2019s market dominance now stands at 50.3%<\/h2>\n<p dir=\"ltr\">Bitcoin, the world\u2019s leading cryptocurrency by market cap, has seen its market dominance increase in recent years. BTC\u2019s market dominance now stands at 50.3%, a three-month high for the cryptocurrency.<\/p>\n<p dir=\"ltr\">This\u00a0<a href=\"https:\/\/coinjournal.net\/news\/\" rel=\"noopener noreferrer\" target=\"_blank\"><u>latest cryptocurrency news<\/u><\/a> comes as Ether and other major cryptocurrencies have underperformed in recent days. Ether has seen its market dominance decline from 19% to around 17% over the last few months.\u00a0<\/p>\n<p dir=\"ltr\">Ether\u2019s market dominance has been declining despite the Ethereum Merge upgrade going live a few months ago.\u00a0<a href=\"https:\/\/coinjournal.net\/news\/why-is-ethereum-outperforming-bitcoin-since-the-merge\/\" rel=\"noopener noreferrer\" target=\"_blank\"><u>Ether has underperformed compared to Bitcoin<\/u><\/a> since Ethereum transitioned into a proof-of-stake protocol.\u00a0<\/p>\n<p dir=\"ltr\">Altcoins have been facing massive pressure from sellers in recent days. However, analysts believe that Bitcoin held its support above $27k.<\/p>\n<p dir=\"ltr\">If Bitcoin breaks past the $28k resistance level, it might rally above the $30k level in the near term.<\/p>\n<p dir=\"ltr\">Altcoins might face further selling pressure in the short term if the current trend is sustained. BNB and XRP have maintained their market dominance level of around 3% and 25%, respectively, over the past six months.\u00a0<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/bitcoins-dominance-level-now-above-50-as-altcoins-underperform\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Key takeaways Bitcoin\u2019s market dominance now stands above 50% as Ether and other major altcoins underperform. The broader crypto market is currently bearish due to the geopolitical uncertainty in the Middle East. Bitcoin\u2019s market dominance now stands at 50.3% Bitcoin, the world\u2019s leading [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":23925,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23924"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=23924"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23924\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/23925"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=23924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=23924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=23924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}