Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Matrixport: Bitcoin market dominance climbs to 58%, altcoin boom delayed

Matrixport: Bitcoin market dominance climbs to 58%, altcoin boom delayed

CointimeCointime2024/10/22 07:48
By:Cointime

Matrixport stated that Bitcoin's market dominance continues to rise, reaching 58%, indicating that the altcoin craze has not yet arrived. Although there are already over 20,000 cryptocurrencies on the market, attention remains highly concentrated on Bitcoin. Bitcoin's dominance suggests that ETF fund inflows have little effect on altcoins, while also hinting that retail investors have yet to enter on a large scale. Bitcoin's trading volume has doubled from $10 to $20 billion in 2023 to $20 to $40 billion, further highlighting the strengthening influence of Bitcoin. From a risk-adjusted perspective, Bitcoin remains one of the most attractive trades in the current cryptocurrency market.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!