BTC Dominance Climbs

Written By Guest User
BTC dominance weekly candle chart, approximately 2:30pm ET, 10/5/21.

BTC dominance weekly candle chart, approximately 2:30pm ET, 10/5/21.

Bitcoin dominance is starting to take a climb after testing lows with a potential double bottom as BTC crosses $50,000 once more. At the time of posting BTC dominance is around 43.5%. A move positively in BTC’s market dominance signals that BTC could be outpacing much of the overall cryptocurrency market.

BTC 4hr candle chart, approximately 2:45pm ET, 10/5/21.

BTC 4hr candle chart, approximately 2:45pm ET, 10/5/21.

The overall 24hr market volume is once again above $100 billion, and Ethereum dominance holds steady around 18.5% as it follows BTC’s rise.

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