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<div class="coinjournal">
 Key takeaways
 <ul>
 <li dir="ltr">Bitcoin’s market <a rel="noopener noreferrer nofollow" title="dominance" href="https://thebittimes.com/tag/dominance.html">dominance</a> now stands above 50% as Ether and other major <a rel="noopener noreferrer nofollow" title="altcoins" href="https://thebittimes.com/tag/altcoins.html">altcoins</a> <a rel="noopener noreferrer nofollow" title="underperform" href="https://thebittimes.com/tag/underperform.html">underperform</a>.</li>
 <li dir="ltr">The broader crypto market is currently bearish due to the geopolitical uncertainty in the Middle East.</li>
 </ul>
 <h2 dir="ltr" id="bitcoin-s-market-dominance-now-stands-at-50-3">Bitcoin’s market dominance now stands at 50.3%</h2>
 Bitcoin, the world’s leading cryptocurrency by market cap, has seen its market dominance increase in recent years. BTC’s market dominance now stands at 50.3%, a three-month high for the cryptocurrency.
 This&nbsp;latest <a rel="noopener noreferrer nofollow" title="Category Cryptocurrency News" href="https://thebittimes.com/cryptocurrency-news.html">Cryptocurrency News</a> comes as Ether and other major cryptocurrencies have <a rel="noopener noreferrer nofollow" title="underperform" href="https://thebittimes.com/tag/underperform.html">underperform</a>ed in recent days. Ether has seen its market <a rel="noopener noreferrer nofollow" title="dominance" href="https://thebittimes.com/tag/dominance.html">dominance</a> decline from 19% to around 17% over the last few months.&nbsp;
 Ether’s market dominance has been declining despite the Ethereum Merge upgrade going live a few months ago.&nbsp;Ether has underperformed compared to Bitcoin since Ethereum transitioned into a proof-of-stake protocol.&nbsp;
 Altcoins have been facing massive pressure from sellers in recent days. However, analysts believe that Bitcoin held its support above $27k.
 If Bitcoin breaks past the $28k resistance <a rel="noopener noreferrer nofollow" title="level" href="https://thebittimes.com/tag/level.html">level</a>, it might rally above the $30k <a rel="noopener noreferrer nofollow" title="level" href="https://thebittimes.com/tag/level.html">level</a> in the near term.
 Altcoins might face further selling pressure in the short term if the current trend is sustained. BNB and XRP have maintained their market dominance level of around 3% and 25%, respectively, over the past six months.&nbsp;
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-s-dominance-level-now-above-50-as-altcoins-underperform-tbt65762.html">https://thebittimes.com/bitcoin-s-dominance-level-now-above-50-as-altcoins-underperform-tbt65762.html</a>

Bitcoin’s dominance level now above 50% as altcoins underperform

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TheBitTimes

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