Bitcoin Dominance Hits 58%, Further Altcoin Decline Expected?

Quick Summary:

The flagship crypto lost 10% in two hours against the backdrop of market fears, including economic data uncertainty, recession, and geopolitical tensions, posted TOBTC, a crypto trader and analyst.

Bitcoin dominance reached a new year-to-date high of 58%, driven by a significant selloff in altcoins and global stock markets.

They added that the market had […]

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Daniela Kirova

Category: CryptoTechnology

Markets: CanadaIsraelJapanSouth Korea

Topics: Trading Years Crypto Writer Financial Market Dominance Decline News Bitcoin Risk

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-05 @ 06:59:46 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: banklesstimes.com

Language: English

Article Length: 1110 words

Reading Time: 7 minutes read

Sentences: 60 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bankless Times

News ID: 21927306

View Article Analysis

About Bankless Times

Main Topics: CryptoTechnology

Official Website: banklesstimes.com

Update Frequency: 3 posts per day

Year Established: 2011

Headquarters: Canada

News Last Updated: 14 hours ago

Coverage Areas: Canada

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #29

Publisher Details

Frequently Asked Questions