BTC market dominance exceeds 40% after 6 months BTC market dominance exceeds 40% after 6 months
The last time Bitcoin dominance was over 40% was in July 2022.
1 min read
Updated: Jan. 3, 2023 at 6:53 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Glassnode data analyzed by CryptoSlate indicates that Bitcoin’s (BTC) market dominance exceeded 40% for the first time since July 2022.
The chart above represents the BTC market dominance since October 2020 with the orange line. The BTC dominance was as high as 70% at the beginning of 2021. However, this percentage retreated to just above 40% in January 2022, only declining further during the year’s first half.
Except for a short spike where BTC dominance reached 48% in late June, the dominance rate was lingering below 40%.
Author 
Zeynep Geylan
Zeynep is an academic who turned to crypto in 2018. Originating in social sciences, she is especially interested in the social impact of blockchain and cryptocurrencies and strongly believes in their transmuting power.
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