Bitcoin

<h2 id="quick-take">Quick Take</h2> 
The crypto graph of 2023 paints an intriguing picture with a significant shift in investor sentiment. Bitcoin’s dominance has spiked to a compelling year-to-date high of 52.28%, casting a shadow over the performance of altcoins. The market’s flagship currency’s robust growth is echoed in the underperformance of its competitors. 
On a YTD basis, many altcoins seem to have lost their footing against Bitcoin. XRP, once buoyed by a favorable resolution in its <a href="https://cryptoslate.com/judge-rules-ripples-programmatic-sales-distributions-of-xrp-do-not-constitute-securities-sales/">security classification</a>, has slipped by 17%, nearly erasing its July gains. Meanwhile, Ethereum, a consistent performer in crypto, has recorded a 24% dip against Bitcoin. 
The gap is more pronounced for ADA and BNB, which have plunged 43% and 50%, respectively, in comparison to Bitcoin. Among the biggest losers is Dogecoin, with a steep 52% decline against Bitcoin. 
This data implies a potential shift in the crypto landscape, highlighting Bitcoin’s increasing clout amidst dynamics that seem to dwarf the value proposition of altcoins. 
<figure id="attachment_366389" aria-describedby="caption-attachment-366389" style="width: 100%" class="wp-caption aligncenter">
 <img class="wp-image-366389 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/10/Dom.png" alt="Bitcoin Dominance: (Source: Trading View)" width="1542" height="969" srcset="https://cryptoslate.com/wp-content/uploads/2023/10/Dom.png 1542w, https://cryptoslate.com/wp-content/uploads/2023/10/Dom-300x189.png 300w, https://cryptoslate.com/wp-content/uploads/2023/10/Dom-1024x643.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/10/Dom-768x483.png 768w, https://cryptoslate.com/wp-content/uploads/2023/10/Dom-1536x965.png 1536w" sizes="(max-width: 1542px) 100vw, 1542px">
 <figcaption id="caption-attachment-366389" class="wp-caption-text">
 Bitcoin Dominance: (Source: Trading View)
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</figure> 
The post <a rel="nofollow" href="https://cryptoslate.com/insights/bitcoin-asserts-dominance-with-new-year-to-date-peak-versus-alts/">Bitcoin asserts dominance with new year-to-date peak versus alts</a> appeared first on <a rel="nofollow" href="https://cryptoslate.com">CryptoSlate</a>.

Bitcoin asserts dominance with new year-to-date peak versus alts

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