Bitcoin

<ul><li>Bitcoin&#39;s market share climbs to 48.5% of the $1.1 trillion crypto market, up from 38% earlier this year.</li><li>Ether faces a 6% decline this quarter, contrasting with Bitcoin&#39;s 2% gain.</li><li>Several dormant Bitcoin addresses have become active, transferring significant amounts and fueling market speculation.</li></ul>According to a <a href="https://www.bnnbloomberg.ca/bitcoin-tightens-grip-on-crypto-market-in-sign-of-cautious-investor-mood-1.1982370" rel="noopener noreferrer nofollow">recent analysis</a> by Bloomberg, Bitcoin is steadily reclaiming its market dominance, now accounting for 48.5% of the $1.1 trillion cryptocurrency market. This marks a notable increase from its 38% share at the beginning of the year. The shift is indicative of cautious investor sentiment, as many are turning to Bitcoin as a more secure asset amid market uncertainties.The report highlighted the insights of Caroline Mauron, co-founder of digital-asset derivatives liquidity provider OrBit Markets. She believes that Bitcoin&#39;s &#34;longstanding claim&#34; as a &#34;safe haven&#34; or &#34;diversification benefit&#34; in traditional markets is being &#34;reaffirmed.&#34;Ether, the second-largest cryptocurrency, has seen a 6% decline this quarter, contrasting with Bitcoin&#39;s 2% gain. The tepid response to Ether futures exchange-traded funds (ETFs) in the U.S. suggests a lack of institutional enthusiasm for the asset. The Bloomberg article emphasized the &#34;fizzling performance&#34; of digital assets, noting that Ether&#39;s year-to-date performance has dropped from a peak of 77% to 32%.The report also drew attention to Vetle Lunde&#39;s observation that the &#34;gravitational pull&#34; in the cryptocurrency market is currently with Bitcoin. Lunde noted that the &#34;slow progress&#34; of Ether futures ETFs suggests a lack of &#34;institutional demand&#34; for Ether. Some investors are also relying on &#34;seasonal and technical patterns,&#34; as Bitcoin has, on average, risen 24% in October over the past decade, the report added.Read full article at<a href="https://cryptotale.org/bitcoin-reclaims-market-dominance-amid-investor-caution/" rel="noopener noreferrer nofollow"> CryptoTale.</a>

Bitcoin Reclaims Market Dominance Amid Investor Caution

CryptoTale

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