Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
No Result
View All Result

Home » Bitcoin’s Crypto Market Dominance Declines Below 40%

Bitcoin’s Crypto Market Dominance Declines Below 40%

Kelly Cromley by Kelly Cromley
Dec 29, 2021
in Bitcoin News, Market News, News
Reading Time: 3 mins read
0

Bitcoin’s market dominance has been on a decline, with the cryptocurrency’s share of the market dropping under 40% in the past few days. Those figures almost match the record low of 36.7% percent recorded in January 2018, as per TradingView statistics. The market dominance of Bitcoin (BTC) is defined as the correlation between Bitcoin’s market capitalization and the entire cryptocurrency market capitalization.

This isn’t the initial time in 2021 that the numero uno crypto’s influence has waned. Back in May,Bitcoin had fallen to 40.3 percent of the total crypto asset valuation, according to CoinMarketCap, and that it was on the verge of reaching that level once again in September. According to Bitcoin cynic and Europac chairman Peter Schiff, the scenario is suggestive that Bitcoin is “continuing to lose its first-mover market edge.”

According to a report issued on the first trading day of this week by TradingPlatforms, the data might herald the start of an upcoming “alt season.” In the previous seven years, the dominance of altcoins on the market has risen by 3x, from 21% in 2014 to almost 60% this month. Ether’s (ETH) market domination remains over 20%, with a total market capitalization of around $500 billion. During last year, ETH’s market dominance has doubled to 20%, from 10%.

With over 16,000 alternative cryptos to choose from Bitcoin's market dominance is now below 40% for the first time since June of 2018. With an unlimited supply of easily created cryptos with virtually identical properties, #Bitcoin is losing its first-mover competitive advantage.

— Peter Schiff (@PeterSchiff) December 28, 2021


Altcoin Sherpa, a cryptocurrency expert, opined last Friday that the “alt season” has already been going for a whole year, according to a tweet. A graphic depicting BTC’s market dominance was used to support their claim that the declining trend is likely. It needs to be seen how much institutional spending will contribute to the establishment of a ceiling in the dominance indicator.

#Altcoins: Mini thread here on 'wen #Altseason'. Alt season has been going on for an entire year, you just haven't noticed it. Here's the #Bitcoin dominance chart- you can see alts have flourished since January 2021. $BTC $ETH pic.twitter.com/c2w1PjHrqV

— Altcoin Sherpa (@AltcoinSherpa) December 23, 2021


Noelle Acheson, the head of market analytics at Genesis Trading, stated in an interview with CNBC that she believes there are “clear signals” that institutional cryptocurrency investment growth would accelerate throughout next year.In the last 12 months, she stated, “it has been astounding to see how much growth in institutional investment has occurred in the cryptocurrency area.”



According to experts at global banking behemoth JPMorgan, the Bitcoin’s rise was being driven by growing demand from institutional investors. This statement was made two months back. It was said by the authors that “institutional investors seem to be flocking to Bitcoin, maybe because it is a stronger hedge against inflation than yellow metal.”

Even though BTC’s short-term liquidity has declined by 32%, long-term investors have increased their holdings by 16% in the first half of 2021, as per statistics from Glassnode’s on-chain data repository.

Previous Post

Ferrari Inks Agreement With Blockchain Firm Velas to Develop Digital Products for Fans

Next Post

Market Ledger Unveils Single Platform for Crypto Investing & Portfolio Management

Related Posts

chainbase

Chainbase Launches Token C to Power Decentralized Data Access

by Kelly Cromley
Jul 14, 2025
0

Chainbase, the entity behind the Hyperdata Network, has formally introduced its native token, known as C, in a move that...

artgis partners with hashepoch

ArtGis and HashEpoch Unite to Revolutionize Web3 Sports Finance

by Kelly Cromley
Jul 14, 2025
0

ArtGis Finance and HashEpoch have entered into a strategic collaboration, signaling a significant step forward in the integration of digital...

Binance Offers $250,000 For Information Leading To Arrest Of Hackers

Binance Launches Sharia-Compliant Crypto Staking Service

by Kelly Cromley
Jul 14, 2025
0

Binance has unveiled a new investment solution tailored to meet the principles of Islamic finance, aiming to serve a growing...

AEON

AEON Pay Expands into Nigeria with Seamless Crypto Payments

by Kelly Cromley
Jul 14, 2025
0

AEON, a Web3-focused cryptocurrency payment infrastructure, has officially extended its mobile payment service, AEON Pay, into the Nigerian market. This...

filecoin partners with theoriq

Filecoin Teams Up with Theoriq to Boost Web3 AI Agents

by Kelly Cromley
Jul 14, 2025
0

A new collaboration between Filecoin and Theoriq is set to reshape how users interact with Web3 infrastructure. Filecoin, recognized for...

Caffeine AI

Caffeine Empowers Web3 App Creation Through Natural Language

by Kelly Cromley
Jul 14, 2025
0

Caffeine, an innovative platform built on the Internet Computer (ICP) blockchain, is reshaping the landscape of decentralized application (dApp) development...

Next Post
Market Ledger Unveils Single Platform for Crypto Investing & Portfolio Management

Market Ledger Unveils Single Platform for Crypto Investing & Portfolio Management

  • Collé Ai

    Collé: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • Hyper Foundation Launched to Boost Hyperliquid Blockchain Development

    by Kelly Cromley
    Oct 15, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025

Recent News

chainbase
Market News

Chainbase Launches Token C to Power Decentralized Data Access

by Kelly Cromley
Jul 14, 2025
artgis partners with hashepoch
Market News

ArtGis and HashEpoch Unite to Revolutionize Web3 Sports Finance

by Kelly Cromley
Jul 14, 2025
Binance Offers $250,000 For Information Leading To Arrest Of Hackers
Market News

Binance Launches Sharia-Compliant Crypto Staking Service

by Kelly Cromley
Jul 14, 2025
AEON
Market News

AEON Pay Expands into Nigeria with Seamless Crypto Payments

by Kelly Cromley
Jul 14, 2025
filecoin partners with theoriq
Market News

Filecoin Teams Up with Theoriq to Boost Web3 AI Agents

by Kelly Cromley
Jul 14, 2025

Categories

  • Altcoin News
  • Analysis News
  • Binance Coin News
  • Bitcoin News
  • Blog
  • Cardano News
  • Ethereum News
  • ICO News
  • Legislation News
  • Market Forecasts
  • Market News
  • News
  • Ripple News
  • Solana News
  • Tether News
Trustpilot

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree