Current BTC situation, and near future
Around the evening of June 19, the Bitcoin Dominance Index - which is measured by Bitcoin's market capitalization to the total capitalization of the entire cryptocurrency market - hit the 50% mark and is where it is today, according to data. Tradingview. This is the first time since 2021 Bitcoin Dominance is back to the 50% mark.
This means that Bitcoin alone accounts for half of the total $1.1 trillion market capitalization of the entire cryptocurrency industry. According to Coinecko, the capitalization of BTC is standing at $519 billion.
Notably, Bitcoin's market dominance has increased by more than 10.5% since November 27, 2022, largely due to investors seeking a "safe haven". after the FTX crisis and now in a context where the entire industry is closely monitored by regulators.
Besides BTC, the token that follows it is ETH which also accounts for around 20% of the market capitalization. Thus, Bitcoin and Ethereum alone account for about 70% of the cryptocurrency market value.
BTCUSD SELL 27100 - 27000 💯💯
✅ TP1: 26600
✅ TP2: 26400
✅ TP3: 26100
🛑 SL: 27700
This means that Bitcoin alone accounts for half of the total $1.1 trillion market capitalization of the entire cryptocurrency industry. According to Coinecko, the capitalization of BTC is standing at $519 billion.
Notably, Bitcoin's market dominance has increased by more than 10.5% since November 27, 2022, largely due to investors seeking a "safe haven". after the FTX crisis and now in a context where the entire industry is closely monitored by regulators.
Besides BTC, the token that follows it is ETH which also accounts for around 20% of the market capitalization. Thus, Bitcoin and Ethereum alone account for about 70% of the cryptocurrency market value.
BTCUSD SELL 27100 - 27000 💯💯✅ TP1: 26600
✅ TP2: 26400
✅ TP3: 26100
🛑 SL: 27700
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