Cryptocurrencies
Bitcoin Flexes Dominance Again as Altcoins Suffer Bigger Losses
- Bitcoin market-cap dominance has reached 45%, highest of 2022
- Bitcoin is best-known and most-liquid cryptocurrency: Maley
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Bitcoin might be having a tough time of late, but it’s holding up much better than other cryptocurrencies, showcasing its ability to stay dominant during rough spells.
The coin’s market-cap dominance has risen “sharply” during the latest selloff, reaching 45%, the highest level this year, according to data compiled by Babel Finance. It suggests “altcoins are at their worst,” the firm’s strategists wrote in a note.