Bitcoin

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<ul>
 <li>According to Santiment’s data, at least for now, Bitcoin’s price dominance has returned. Altcoins were pulling back after a strong month.</li>
 <li>The resurgence of Bitcoin’s price dominance may lead to increased confidence among investors who view Bitcoin as a leading cryptocurrency.</li>
 <li>Inscriptions began in early 2023 and have generally brought advantages to Bitcoin. Miners now earn a quarter of their income from fees.</li>
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<p><strong>Bitcoin dominance has seen a significant increase, attracting attention; How might altcoins be affected? The importance of Bitcoin dominance!</strong></p>
<h2 id="strong-bitcoin-dominance-reaches-new-highs-strong"><strong>Bitcoin Dominance Reaches New Highs</strong></h2>
<p><img loading="lazy" decoding="async" class="alignnone size-full wp-image-126543" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-45.webp?resize=696%2C392&amp;quality=70&amp;ssl=1" alt="Bitcoin-BTC" width="696" height="392" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-45.webp?w=1280&amp;quality=70&amp;ssl=1 1280w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-45.webp?resize=300%2C169&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-45.webp?resize=1024%2C576&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-45.webp?resize=768%2C432&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-45.webp?resize=150%2C84&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-45.webp?resize=696%2C392&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-45.webp?resize=1068%2C601&amp;quality=70&amp;ssl=1 1068w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></p>
<p>As Bitcoin’s price continues to rise, it has started to outpace other altcoins, and according to Santiment’s data, at least for now, Bitcoin’s price dominance has returned. Altcoins were pulling back after a strong month.</p>
<p>If people become worried and show fear, we may see rapid price reversals. The crypto market is in a dynamic situation. Bitcoin’s dominance can change and affect altcoin prices. Investors should stay vigilant against changes in market sentiments.</p>
<figure id="attachment_131161" aria-describedby="caption-attachment-131161" style="width: 100%" class="wp-caption alignnone"><a href="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/Bitcoin-Dominance-1.webp?quality=70&amp;ssl=1" rel="noopener noreferrer nofollow"><img loading="lazy" decoding="async" class=" td-modal-image wp-image-131161 size-full" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/Bitcoin-Dominance-1.webp?resize=696%2C408&amp;quality=70&amp;ssl=1" alt="Bitcoin-Dominance" width="696" height="408" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/Bitcoin-Dominance-1.webp?w=1777&amp;quality=70&amp;ssl=1 1777w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/Bitcoin-Dominance-1.webp?resize=300%2C176&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/Bitcoin-Dominance-1.webp?resize=1024%2C600&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/Bitcoin-Dominance-1.webp?resize=768%2C450&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/Bitcoin-Dominance-1.webp?resize=1536%2C901&amp;quality=70&amp;ssl=1 1536w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/Bitcoin-Dominance-1.webp?resize=150%2C88&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/Bitcoin-Dominance-1.webp?resize=696%2C408&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/Bitcoin-Dominance-1.webp?resize=1068%2C626&amp;quality=70&amp;ssl=1 1068w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/Bitcoin-Dominance-1.webp?w=1392&amp;quality=70&amp;ssl=1 1392w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></a>
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  Bitcoin Dominance VS Altcoins
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<p>The resurgence of Bitcoin’s price dominance may lead to increased confidence among investors who view Bitcoin as a leading cryptocurrency. This can attract more interest and investment to Bitcoin, potentially positively impacting its price.</p>
<p>However, its impact on altcoins may be negative, as a shift toward Bitcoin dominance can lead to a relative decrease in the value of altcoins. Additionally, Inscriptions can help give BTC positive momentum.</p>
<h2 id="strong-miners-experience-relief-strong"><strong>Miners Experience Relief</strong></h2>
<p>Inscriptions began in early 2023 and have generally brought advantages to Bitcoin. Miners now earn a quarter of their income from fees. Fee transactions around 50 sat/vByte are quite common, indicating that users are willing to pay a bit more for faster transactions. This highlights a positive trend for both miners and users on the Bitcoin network.</p>
<p>The increasing prevalence of inscriptions in 2023 can have a series of positive effects on Bitcoin. Firstly, miners earning a significant portion of their income from fees increases the overall economic sustainability of the Bitcoin network.</p>
<p>Users being willing to pay higher fees for faster transactions shows increased demand and value associated with timely transaction processing. This can contribute to a stronger and more secure network as users invest in effective transaction processing. At the time of writing, BTC was trading at $36,629, having decreased by 2.9% in the last 24 hours.</p>
<p>The post <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com/bitcoin-dominance-is-surging-to-new-heights-how-will-this-affect-altcoins/">Bitcoin Dominance is Surging to New Heights: How Will This Affect Altcoins?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com">COINOTAG NEWS</a>.</p>
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Bitcoin Dominance is Surging to New Heights: How Will This Affect Altcoins?

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