Bitcoin

Coin

<ul class="news-points"> 
 <li><strong>A crypto analyst, recently tweeted, “Bitcoin dominance downtrend continues.</strong></li> 
 <li><strong>Traders may have shown a rising interest in BTC as it climbed to 50.14%.</strong></li> 
 <li><strong>A recent whale movement could increase the selling pressure and affect BTC’s dominance.</strong></li> 
</ul> 
<p>Will Clemente, a crypto analyst, recently shared a chart showcasing BTC’s dominance in the market, tweeting, “Bitcoin dominance downtrend continues.” This could have ignited a frenzy across the crypto Twitter space; however, it seems that the chart was inverted.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Bitcoin dominance downtrend continues <a href="https://t.co/oIpB93k3Jz" target="_blank" rel="nofollow">pic.twitter.com/oIpB93k3Jz</a></p>— Will Clemente (@WClementeIII) <a href="https://twitter.com/WClementeIII/status/1704154587920290249?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">September 19, 2023</a>
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  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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</figure> 
<p>The crypto analyst has not yet stated whether this tweet was a prank. Looking at the comment section, it seems that some Twitter users understood that the chart was inverted. One such Twitter user, the CEO of Into the Crypto Verse, Benjamin Cowen, commented, “You had me in the first half, not gonna lie.”</p> 
<div class="wp-block-image"> 
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  <img decoding="async" width="1835" height="903" src="https://coinedition.com/wp-content/uploads/2023/09/btc-122.png" alt="" class="wp-image-337056" srcset="https://coinedition.com/wp-content/uploads/2023/09/btc-122.png 1835w, https://coinedition.com/wp-content/uploads/2023/09/btc-122-300x148.png 300w, https://coinedition.com/wp-content/uploads/2023/09/btc-122-313x154.png 313w, https://coinedition.com/wp-content/uploads/2023/09/btc-122-380x187.png 380w, https://coinedition.com/wp-content/uploads/2023/09/btc-122-768x378.png 768w, https://coinedition.com/wp-content/uploads/2023/09/btc-122-1536x756.png 1536w, https://coinedition.com/wp-content/uploads/2023/09/btc-122-696x343.png 696w, https://coinedition.com/wp-content/uploads/2023/09/btc-122-127x62.png 127w, https://coinedition.com/wp-content/uploads/2023/09/btc-122-159x78.png 159w, https://coinedition.com/wp-content/uploads/2023/09/btc-122-255x125.png 255w, https://coinedition.com/wp-content/uploads/2023/09/btc-122-795x391.png 795w, https://coinedition.com/wp-content/uploads/2023/09/btc-122-440x217.png 440w, https://coinedition.com/wp-content/uploads/2023/09/btc-122-414x204.png 414w, https://coinedition.com/wp-content/uploads/2023/09/btc-122-326x160.png 326w, https://coinedition.com/wp-content/uploads/2023/09/btc-122-377x186.png 377w, https://coinedition.com/wp-content/uploads/2023/09/btc-122-328x161.png 328w, https://coinedition.com/wp-content/uploads/2023/09/btc-122-144x71.png 144w, https://coinedition.com/wp-content/uploads/2023/09/btc-122-123x61.png 123w, https://coinedition.com/wp-content/uploads/2023/09/btc-122-129x63.png 129w" sizes="(max-width: 1835px) 100vw, 1835px">
  <figcaption class="wp-element-caption">
   <em>BTC Dominance% 1-Week Chart (Source: <a href="https://www.tradingview.com/x/hIk468Zh/" target="_blank" rel="nofollow">TradingView</a>)</em>
  </figcaption>
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</div> 
<p>In the last week of June, Bitcoin’s dominance reached 52.18% as its market cap continued to rise. However, in August, the BTC’s dominance consisted of 48.90% after facing a signi…</p>
<p>The post <a rel="nofollow" href="https://coinedition.com/bitcoin-dominance-downtrend-alert-could-btc-lose-its-power-in-crypto-market/">Bitcoin Dominance Downtrend Alert: Could BTC Lose Its Power in Crypto Market?</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Bitcoin Dominance Downtrend Alert: Could BTC Lose Its Power in Crypto Market?

Coin Edition

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