Bitcoin (BTC) was nonetheless buying and selling above $20,000, roughly flat from 24 hours earlier, as the most important cryptocurrency by market capitalization continues to commerce in a good vary. BTC examined highs of $20,440, earlier than retreating to present ranges. Bitcoin dominance, a measure of the BTC’s market cap relative to the market cap for all cryptocurrencies, has elevated to 41% since hitting a 2022 backside of 39% on Sept 10. The uptick in BTC dominance highlights a shift in general funding in cryptocurrencies, to bitcoin.
Bitcoin Trades Flat for a Second Consecutive Day, however Outpaces Conventional Markets
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