{"id":33246,"date":"2024-12-05T18:50:44","date_gmt":"2024-12-05T15:50:44","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=33246"},"modified":"2024-12-05T18:50:44","modified_gmt":"2024-12-05T15:50:44","slug":"bitcoin-dominance-rises-to-57-as-btc-reaches-104000","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitcoin-dominance-rises-to-57-as-btc-reaches-104000\/","title":{"rendered":"Bitcoin Dominance Rises to 57% as BTC Reaches $104,000"},"content":{"rendered":"

Altcoin<\/strong> movements have quieted down somewhat as Bitcoin<\/strong> dominance<\/strong> rebounded following its historic surge past $100,000<\/strong> for the first time.<\/p>\n

Bitcoin dominance<\/strong>, a metric measuring how much of the crypto market’s total value belongs to BTC<\/strong>, recovered as the asset reached its six-figure all-time high on December 5. Meanwhile, most altcoins failed to match BTC’s gains.<\/p>\n

According to TradingView, Bitcoin dominance rose by 4.4% over the past 24 hours, climbing to 57% as the asset hit a record $104,000 on December 5. Bitcoin’s<\/strong> market share had dropped from 61.8%, a three-and-a-half-year high on November 21, to a low of 54.7% on December 4, before staging its latest rebound.<\/p>\n

Analyst Income Sharks<\/strong>, in a post on the X platform on December 5, commented: “It\u2019s almost as if BTC was jealous that altcoins were getting all the attention and wanted to remind everyone that it\u2019s still the king.”<\/p>\n

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\"dominance\"Bitcoin Dominance<\/strong><\/em><\/p>\n

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