Bitcoin Dominance in Cryptocurrency Market Reaches Two-Year High

06/30 14:55

June 30 (Huobi) - Bitcoin's dominance in the cryptocurrency market has reached a two-year high of 58%. This ratio measures Bitcoin's market cap compared to the total market cap of the cryptocurrency sector, which currently stands at $1.18 trillion. Bitcoin's dominance dropped to the mid-50s in 2020 due to scandals and a transition from loose to tight monetary policies.
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