Glassnode information analyzed by CryptoSlate indicated that Bitcoin (BTC) market place dominance exceeded forty% for the 1st time considering that July 2022.
The chart over represents BTC market place dominance considering that October 2020 with the orange line. BTC dominance was as substantial as 70% in early 2021. However, it dropped to just more than forty% by January 2022, only more reducing in the 1st half of the 12 months.
Except for a quick spike when BTC dominance hit 48% at the finish of June, dominance remained under forty%.
Market dominance soon after BTC exceeds forty% soon after six months of its 1st visual appeal on CryptoSlate.
According to Cryptoslate