Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Bitcoin reaches a new highlight of $ 107K – Can BTC retain the win?

2025-05-20

Bitcoin still cannot close daily candle above $ 106k after 8 failed attempts in 2025

2025-05-20

Bitcoin briefly surpasses $ 106k for withdrawal, analyst sees stable momentum

2025-05-20
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Basic kit transactions rise as DEX volume approaches $ 400 billion milestone

    2025-05-20

    Taiko Alethia launches the most expected Pacaya Hardfork -upgrade on MAINNET

    2025-05-20

    Weaver Labs stimulates AI-led decentralized connectivity, joins Imagen Network

    2025-05-19

    Cdari works together with Laika Ai to strengthen blockchain -intelligence about chains

    2025-05-19

    Vitaminai and Blocx partner to stimulate security and productivity by bridging Web2 and Web3

    2025-05-19
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Bitcoin still cannot close daily candle above $ 106k after 8 failed attempts in 2025

    2025-05-20

    Solana (SOL) keeps land in tight reach – Traders looking at Directional Cue

    2025-05-20

    Graph signal running to new ATH

    2025-05-19

    BlackRock’s Buidl to Power Bouncebit’s new RWA Yield Strategy Platform

    2025-05-19

    Finish Bitcoin price inches in the direction of all time-can Momentum?

    2025-05-19
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»Bitcoin dominance hits 50% for the first time in 2 years
Bitcoin

Bitcoin dominance hits 50% for the first time in 2 years

2023-06-20No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


  • Bitcoin has secured its position as the leading currency as its dominance has grown.
  • Bitcoin’s outlook looked bullish based on historical performance.

From Bitcoin [BTC] dominance has been rising in recent days. This is the first time it has recaptured the important 50% dominance level since April 2021, and it is an important observation for several reasons.


Is your wallet green? Check out the Bitcoin Profit Calculator


First, its higher dominance meant that Bitcoin was getting more attention relative to altcoins. Thus, BTC was able to capitalize on any shift in sentiment that could benefit the crypto market.

Bitcoin dominance

Source: TradingView

BTC’s dominance drops during bear markets, as it did in 2018 and the second half of 2021. In contrast, the metric rises as BTC recovers, a finding that coincides with recent observations. But perhaps it’s best to consider the opinion of one of the industry experts.

MicroStrategy’s Michael Saylor recently shared some insights regarding Bitcoin’s dominance and his thoughts on its impact. Saylor believed that Bitcoin will maintain strong dominance and may even grow to over 80%. His expectation is based on the growing hash rate and improving regulation.

Clarity in the regulations will be leading #Bitcoin adoption by dispelling the confusion and fear that has held institutional investors back. Bitcoin’s dominance will continue to grow as the #crypto industry rationalizes around $BTC and goes mainstream. pic.twitter.com/Foq4lpderj

— Michael Saylor⚡️ (@saylor) June 13, 2023

Saylor’s confidence is based on the expectation that Bitcoin will continue to dominate and attract institutions. However, the king coin has yet to recover from the loss of institutional liquidity caused by the 2022 crash.

See also  Are Bitcoin Miners the Reason Your BTC Holdings Have Dropped?

Regulatory uncertainty exacerbated the situation, but institutional demand for BTC could take a new direction as regulations appear to be improving.

Will Bitcoin’s dominance attract institutional investors?

The Purpose Bitcoin ETF Holdings statistic is the best way to understand the situation regarding institutional investors. According to the chart below, there was a lot of fluctuation based on seasonal demand and sales pressure.

The latest wave of selling pressure began in mid-April and recently slowed, prompting talks of a potential pivot.

Bitcoin Purpose ETF Holdings

Source: Glassnode


How much are 1,10,100 BTC worth today?


The same institutional measure indicated that there had been some accumulation in recent days. However, investors should not expect a sudden increase. This is because address activity was still low, although there was a slight improvement since mid-May.

Bitcoin address activity

Source: Glassnode

The surge in Bitcoin dominance stems from some excitement over the price rise of a major support line. This stronger dominance may indicate increased investor confidence, a move that could favor BTC bulls.



Source link

Bitcoin Dominance Hits Time Years
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin reaches a new highlight of $ 107K – Can BTC retain the win?

2025-05-20

Bitcoin still cannot close daily candle above $ 106k after 8 failed attempts in 2025

2025-05-20

Bitcoin briefly surpasses $ 106k for withdrawal, analyst sees stable momentum

2025-05-20

Mapping the next step of the Altcoin market is falling as purchasing power

2025-05-20
Add A Comment
Leave A Reply Cancel Reply

Top Posts

UNISWAP – One market segment has its say after Uni -Walvissen have been sold!

2025-01-28

According to Standard Chartered: Report, SEC could approve Spot Ethereum ETFs in May

2024-02-01

Bitcoin Rises to $68,000 Amid Microsoft BTC Investment Call

2024-10-25
Editors Picks

Saylor stirs up the market with cryptic instruction

2025-04-18

Crypto Analyst Says a Solana Rival Is Poised to Move Higher, Outlining a Path Forward for Fantom and NEAR Protocol

2024-11-29

Advances in Zero-Knowledge technology enable ZKPs to realize their full potential

2024-09-30

Monday blues for Bitcoin? Here’s what you can expect now…

2024-09-02
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Bitcoin reaches a new highlight of $ 107K – Can BTC retain the win?

Bitcoin still cannot close daily candle above $ 106k after 8 failed attempts in 2025

Bitcoin briefly surpasses $ 106k for withdrawal, analyst sees stable momentum

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$105,127.402.28%
  • ethereumEthereum(ETH)$2,507.203.97%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.340.91%
  • binancecoinBNB(BNB)$643.300.55%
  • solanaSolana(SOL)$166.212.56%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2203691.57%
  • tronTRON(TRX)$0.2734883.70%
  • cardanoCardano(ADA)$0.730.00%
  • suiSui(SUI)$3.814.34%
  • chainlinkChainlink(LINK)$15.642.92%
  • avalanche-2Avalanche(AVAX)$22.101.99%
  • stellarStellar(XLM)$0.2837450.90%
  • hyperliquidHyperliquid(HYPE)$26.062.62%
  • shiba-inuShiba Inu(SHIB)$0.0000141.03%
  • hedera-hashgraphHedera(HBAR)$0.1936823.21%
  • unus-sed-leoUNUS SED LEO(LEO)$8.701.53%
  • bitcoin-cashBitcoin Cash(BCH)$388.811.33%
  • the-open-networkToncoin(TON)$3.052.13%
  • polkadotPolkadot(DOT)$4.560.95%
  • litecoinLitecoin(LTC)$93.27-2.62%
  • moneroMonero(XMR)$348.751.09%
  • bitget-tokenBitget Token(BGB)$5.14-0.01%
  • daiDai(DAI)$1.000.00%
  • pepePepe(PEPE)$0.0000130.40%
  • piPi(PI)$0.732.31%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • aaveAave(AAVE)$262.6218.97%
  • bittensorBittensor(TAO)$413.755.53%
  • uniswapUniswap(UNI)$5.820.89%
  • nearNEAR Protocol(NEAR)$2.731.57%
  • aptosAptos(APT)$5.092.09%
  • okbOKB(OKB)$51.87-0.14%
  • kaspaKaspa(KAS)$0.1125877.45%
  • ondo-financeOndo(ONDO)$0.933.59%
  • ethereum-classicEthereum Classic(ETC)$18.161.93%
  • internet-computerInternet Computer(ICP)$5.121.36%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.265.70%
  • gatechain-tokenGateToken(GT)$21.390.80%
  • crypto-com-chainCronos(CRO)$0.0959172.07%
  • mantleMantle(MNT)$0.740.70%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.227831-1.38%
  • render-tokenRender(RENDER)$4.573.90%
  • vechainVeChain(VET)$0.0274991.10%
  • ethenaEthena(ENA)$0.3692625.03%
  • usd1World Liberty Financial USD(USD1)$1.00-0.09%
  • arbitrumArbitrum(ARB)$0.3900034.65%
  • algorandAlgorand(ALGO)$0.2191202.21%
  • filecoinFilecoin(FIL)$2.811.39%
  • bitcoinBitcoin(BTC)$105,127.402.28%
  • ethereumEthereum(ETH)$2,507.203.97%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.340.91%
  • binancecoinBNB(BNB)$643.300.55%
  • solanaSolana(SOL)$166.212.56%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2203691.57%
  • tronTRON(TRX)$0.2734883.70%
  • cardanoCardano(ADA)$0.730.00%
  • suiSui(SUI)$3.814.34%
  • chainlinkChainlink(LINK)$15.642.92%
  • avalanche-2Avalanche(AVAX)$22.101.99%
  • stellarStellar(XLM)$0.2837450.90%
  • hyperliquidHyperliquid(HYPE)$26.062.62%
  • shiba-inuShiba Inu(SHIB)$0.0000141.03%
  • hedera-hashgraphHedera(HBAR)$0.1936823.21%
  • unus-sed-leoUNUS SED LEO(LEO)$8.701.53%
  • bitcoin-cashBitcoin Cash(BCH)$388.811.33%
  • the-open-networkToncoin(TON)$3.052.13%
  • polkadotPolkadot(DOT)$4.560.95%
  • litecoinLitecoin(LTC)$93.27-2.62%
  • moneroMonero(XMR)$348.751.09%
  • bitget-tokenBitget Token(BGB)$5.14-0.01%
  • daiDai(DAI)$1.000.00%
  • pepePepe(PEPE)$0.0000130.40%
  • piPi(PI)$0.732.31%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • aaveAave(AAVE)$262.6218.97%
  • bittensorBittensor(TAO)$413.755.53%
  • uniswapUniswap(UNI)$5.820.89%
  • nearNEAR Protocol(NEAR)$2.731.57%
  • aptosAptos(APT)$5.092.09%
  • okbOKB(OKB)$51.87-0.14%
  • kaspaKaspa(KAS)$0.1125877.45%
  • ondo-financeOndo(ONDO)$0.933.59%
  • ethereum-classicEthereum Classic(ETC)$18.161.93%
  • internet-computerInternet Computer(ICP)$5.121.36%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.265.70%
  • gatechain-tokenGateToken(GT)$21.390.80%
  • crypto-com-chainCronos(CRO)$0.0959172.07%
  • mantleMantle(MNT)$0.740.70%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.227831-1.38%
  • render-tokenRender(RENDER)$4.573.90%
  • vechainVeChain(VET)$0.0274991.10%
  • ethenaEthena(ENA)$0.3692625.03%
  • usd1World Liberty Financial USD(USD1)$1.00-0.09%
  • arbitrumArbitrum(ARB)$0.3900034.65%
  • algorandAlgorand(ALGO)$0.2191202.21%
  • filecoinFilecoin(FIL)$2.811.39%