2023-04-12
Bitcoin dominance is a metric that measures the market share of Bitcoin relative to the total cryptocurrency market capitalization. Today Bitcoin Dominance indicator shows that, at the moment Bitcoin's market capitalization occupies a percentage of the total crypto market capitalization, reaching 48.76% for the first time in nearly two years.
Reference: Bitcoin Dominance Chart — BTC.D — TradingView
Since 2022 Bitcoin had never taken up half of the crypto market value. But in April 2024 Bitcoin has finally regained almost 50% of the majority market share.
Reference: BTC.D 48.76% ▼ (tradingview.com)
Bitcoin
price went from $16,611 per BTC on November 24, 2022 to $30,153 on April 12,
2023. Bitcoin made 81% gain in the period of 5 months. At the time of the
report, Bitcoin's market capitalization was $582 billion. It accounts for
48.76% of the total crypto market cap of $1.2 trillion.
