Bitcoin

<ul><li>Bitcoin&#39;s dominance has surged to 56%, driven by Long-Term Holders&#39; steadfast commitment to HODLing.</li><li>Short-Term Holders face mounting unrealized losses, risking potential market panic and sell-offs.</li><li>Despite market turbulence, Bitcoin attracts capital, with stablecoins and altcoins losing dominance.</li></ul>Bitcoin, the leading digital asset, continues to dominate the cryptocurrency market. According to <a href="https://insights.glassnode.com/the-week-onchain-week-34-2024/" rel="noopener noreferrer nofollow">data</a> from Glassnode, Bitcoin now holds a commanding 56% of the total market capitalization. This dominance has been rising steadily since the cycle low in November 2022. At that time, Bitcoin&#39;s dominance was 38%, but it has since surged as capital flows toward more stable assets in the digital market.This growth comes despite a period of choppy and volatile price action. Long-Term Holders (LTHs) have shown remarkable resilience during these times. Their preference to accumulate and hold onto their coins has remained consistent, showing no signs of wavering. As they continue to add to their positions, their influence on the market becomes more apparent.<h2 id="header-0">Market Shifts &amp; Bitcoin&#39;s Influence</h2>The increasing dominance of Bitcoin is a sign of a broader shift in the crypto market. As <a href="https://cryptotale.org/bitcoin-surges-above-60k-as-bnb-and-doge-show-major-gains/" rel="noopener noreferrer nofollow">Bitcoin&#39;s</a> influence grows, other sectors are experiencing a decline. Ethereum, the second-largest digital asset, has experienced a slight decline in dominance, dropping from 16.8% to 15.2%. Stablecoins have faced a sharp decrease in their market share, falling from 17.3% to 7.4%. Similarly, altcoins have seen their dominance shrink from 27.2% to 21.3%.<a href="https://cryptotale.org/bitcoin-dominance-rises-as-market-trends-and-sentiment-shift/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Bitcoin Dominance Rises as Market Trends and Sentiment Shift

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