Bitcoin's Market Dominance Is at the Highest Levels in Years
Bitcoin continues to march toward all-time-highs that were only reached earlier in 2024, although the volatility that the token has experienced.
Bitcoin's market dominance has reached its highest levels in years, as the primary cryptocurrency continues to march toward all-time-highs that were only reached earlier in 2024.
However, the volatility that the token has experienced in the run-up to the U.S. Presidential election has been elevated when compared to prior periods in the year. Regardless, the fact remains that the price of bitcoin and bitcoin interest continues to move in positive directions in spite of short-term setbacks.
Bitcoin Dominance Rises To 60%
After bottoming out with the collapse of FTX in November 2022, the market share of bitcoin has continued to steadily increase since those events.
In particular, the share of total market capitalization captured by bitcoin, used to determine the dominance of bitcoin, has risen to approximately 60% as of October 2024. This marks the highest level of bitcoin dominance since April of 2022.
Following the declines in crypto prices overall in 2022, bitcoin's market share dropped to around 35% at the time. However, the market capitalization of bitcoin has increased substantially since then, while the broader crypto market has experienced more modest gains.
As a result, bitcoin's market dominance has been gradually increasing throughout 2024. This trend is likely to continue in the near term, as bitcoin remains the most popular and widely traded cryptocurrency.
However, it is important to note that bitcoin's market dominance can fluctuate over time, especially during periods of high volatility in the crypto market.
Institutions Continue To Favor Bitcoin
It is worth pointing out that the institutional inflows and interest coming into crypto have continued to be centered around bitcoin.
For example, while both bitcoin and ether have spot ETFs products at this point, the bitcoin ETFs have attracted $18.9 billion while ether ETFs have attracted a substantially lower amount.
This preference for bitcoin among institutions is likely due to several factors, including the fact that bitcoin is the most well-known and liquid cryptocurrency, and it has a longer track record of performance than other cryptoassets.
Additionally, bitcoin is seen as a more conservative investment than other cryptoassets, which may appeal to institutions that are looking for exposure to the crypto market without taking on too much risk.
As a result of these factors, bitcoin is likely to remain the preferred cryptoasset for institutions in the coming years.
The above is the detailed content of Bitcoin's Market Dominance Is at the Highest Levels in Years. For more information, please follow other related articles on the PHP Chinese website!

This sharp drop happened as investor interest faded and a major scandal hit the highly speculative market.

Despite being pretty much the iconic example of “random” – well, that and dice rolls – we can't help but feel like there's some element of skill involved. Especially when we lose.

Bitwise, a leading digital asset manager, has announced the listing of four of its crypto Exchange-Traded Products (ETPs) on the London Stock Exchange (LSE).

Bitcoin may be poised for a massive rally—but only if gold continues its upward climb, according to Joe Consorti, Head of Growth at Theya.

The Shiba Inu price continues to attract the attention of analysts, who are watching for its next potential move. By Samuele Piar. Updated April 14, 2025.

The joint motion of Ripple and U.S. Securities and Exchange Commission (SEC) to hold the appeal in abeyance has been granted by the Circuit Judge Jose A. Cabranes.

Bitcoin (BTC) was treading water just below $85,000 late Thursday as tensions between U.S. President Donald Trump and Federal Reserve Chair Jerome Powell added another layer of uncertainty for investors.

Today, AB DAO officially announced the launch of a dual reward campaign in collaboration with Bitget (bitget.com), the world's second-largest digital asset trading platform.

Hot AI Tools

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Undress AI Tool
Undress images for free

Clothoff.io
AI clothes remover

AI Hentai Generator
Generate AI Hentai for free.

Hot Article

Hot Tools

ZendStudio 13.5.1 Mac
Powerful PHP integrated development environment

Notepad++7.3.1
Easy-to-use and free code editor

mPDF
mPDF is a PHP library that can generate PDF files from UTF-8 encoded HTML. The original author, Ian Back, wrote mPDF to output PDF files "on the fly" from his website and handle different languages. It is slower than original scripts like HTML2FPDF and produces larger files when using Unicode fonts, but supports CSS styles etc. and has a lot of enhancements. Supports almost all languages, including RTL (Arabic and Hebrew) and CJK (Chinese, Japanese and Korean). Supports nested block-level elements (such as P, DIV),

EditPlus Chinese cracked version
Small size, syntax highlighting, does not support code prompt function

Dreamweaver CS6
Visual web development tools