发布: 2024/05/02 15:14 阅读: 592
,You can also read this news on COINTURK NEWS: Is Bitcoin’s Market Dominance Declining?
Currently, a significant shift in Bitcoin's dominance in the cryptocurrency market is being observed, and analysts speculate that the largest cryptocurrency's market dominance might have reached its peak. This change in market dynamics came as analysts observed a slight decline in Bitcoin's market share, shifting focus generally to other cryptocurrencies, often referred to as altcoins.
It Might Be Time for Altcoins
Michael van de Poppe, founder of trading company MNTrading, provided several indicators suggesting that Bitcoin's dominance might have peaked. Poppe recently highlighted in a post on his personal X account that the stability seen in altcoin values against Bitcoin trading pairs indicates an increasing trend among investors to diversify their portfolios beyond the largest cryptocurrency.
src="/uploads/20240504/171481868666360e7e9d4c7.png">
Any decline in Bitcoin's market dominance is generally interpreted by market participants as a harbinger of potential rise in the altcoin market, as such a trend implies capital moving from Bitcoin to altcoins, known for their relatively higher volatilities. Cryptocurrency analyst Matthew Hyland emphasized the importance of Bitcoin's market dominance and supported Poppe's view, noting that confirmation of such a decline should await weekly candle closings.
Recent data from TradingView shows that Bitcoin's current market dominance is at 53.90%, with a 1.75% decrease over the last seven days. Despite this drop, Bitcoin's market dominance has cumulatively increased by 4.63% since the beginning of the year. Moreover, Bitcoin's market dominance reached its highest level this year at 56.42% on April 14.
IncomeSharks and other trading teams have highlighted the resilience of certain altcoins amid fluctuations in Bitcoin's market dominance, emphasizing evolving market sentiment. Examples of these altcoins include Solana (SOL), Pepe (PEPE), and dogwifhat (WIF). According to CoinMarketCap, SOL, PEPE, and WIF have made slight gains in the last 24 hours.
Fear Increases in the Market
However, amid discussions about Bitcoin's market dominance and the potential rise of altcoins, market sentiment remains in the negative zone. Key market indicators like the Crypto Fear and Greed Index reflect a significant increase in fear among investors, indicating heightened uncertainty.
The post first appeared on COINTURK NEWS: Is Bitcoin’s Market Dominance Declining?
,您还可以在COINTURK NEWS上阅读这条新闻:比特币的市场主导地位正在下降吗?目前,比特币在加密货币市场的主导地位正在发生重大转变,分析师推测最大的加密货币的市场主导地位可能已达到顶峰。市场动态发生这种变化之际,分析师观察到比特币的市场份额略有下降,人们的注意力普遍转向其他加密货币,通常被称为山寨币。贸易公司 MNTrading 的创始人迈克尔·范·德·波普 (Michael van de Poppe) 提供了几个指标表明,现在可能是山寨币的时代了比特币的主导地位可能已经达到顶峰。 Poppe 最近在他的个人 X 账户上发表的一篇文章中强调,山寨币价值相对于比特币交易对的稳定性表明,除了最大的加密货币之外,投资者越来越倾向于将投资组合多元化。市场参与者通常将比特币市场主导地位的任何下降解释为这是山寨币市场潜在上涨的预兆,因为这种趋势意味着资本从比特币转移到以其相对较高的波动性而闻名的山寨币。加密货币分析师 Matthew Hyland 强调了比特币市场主导地位的重要性,并支持 Poppe 的观点,并指出这种下跌的确认应等待每周蜡烛收盘。TradingView 的最新数据显示,比特币目前的市场主导地位为 53.90%,较上年下降了 1.75%。最后 7 天。尽管有所下降,但自年初以来,比特币的市场主导地位已累计增长了 4.63%。此外,4月14日,比特币的市场主导地位达到了今年的最高水平,达到56.42%。IncomeSharks和其他交易团队强调了某些山寨币在比特币市场主导地位波动的情况下的弹性,强调不断变化的市场情绪。这些山寨币的例子包括 Solana (SOL)、Pepe (PEPE) 和 Dogwifhat (WIF)。根据 CoinMarketCap 的数据,SOL、PEPE 和 WIF 在过去 24 小时内小幅上涨。 市场恐惧加剧然而,在有关比特币市场主导地位和山寨币潜在崛起的讨论中,市场情绪仍处于负面区域。加密货币恐惧和贪婪指数等关键市场指标反映出投资者的恐惧情绪显着增加,表明不确定性加剧。该帖子首次出现在 COINTURK 新闻上:比特币的市场主导地位正在下降吗?