This article is 3 years old. The information presented may be outdated.

Bitcoin dominance continues its surge higher

The crypto market sold off over the weekend, but a few coins defied the sell-off, one being Bitcoin. 

James Van Straten
Author
James Van Straten
Published
Updated
Make preferred on

Quick Take

  • The crypto market sold off over the weekend, but a few coins defied the sell-off, one being Bitcoin.
  • Bitcoin held above $25,000, but the rest of the crypto market was severely impacted.
  • Altcoins continued to lose value against Bitcoin in the past five days;
  • Denominated against Bitcoin, Ethereum is 3% down, Doge is 8% down, Polkadot is 9% down, BNB is 10% down, Cardano is 11% down, and SOL is 16% down.
  • As a result, the realized cap and market cap of Bitcoin continued to increase.
  • Bitcoin realized cap is floating around 60%, approaching highs not seen since January 2021 and December 2017.
  • Bitcoin's dominance in the market cap is roughly 47%, nearing its year-to-date high.
Alts/BTC: (Source: TV)
Alts/BTC: (Source: TV)
Realized Cap: (Source: CoinMetrics)
Realized Cap: (Source: CoinMetrics)
BTC dominance: (Source: Glassnode)
BTC dominance: (Source: Glassnode)
Mentioned in this article
Bitcoin Ethereum Dogecoin BNB Polkadot
Analyst View profile
James Van Straten
James Van Straten
Former Lead Analyst CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.

Context

Related coverage

Switch categories to dive deeper or gain broader context.

Disclaimer

Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies. For more information, see our company disclaimers.

Bitcoin BTC (24h)
$71,212.20 -1.15%
Market Cap $1.43T
24H Volume $36.5B
In this article