Bitcoin market dominance falls to 58.23%, hitting its lowest level since January this year

BlockBeats News, August 24 — According to market data, Bitcoin dominance (BTC.D) has dropped by 2.35% over the past week, now standing at 58.23%, marking a new low since January this year.

During the same period, the total cryptocurrency market capitalization increased by 0.24% over the past week. The total market cap excluding Bitcoin (TOTAL 2) rose by 3.69%, while the total market cap excluding both Bitcoin and Ethereum (TOTAL 3) increased by 1.48%.