Bitcoin Maintains Dominance Amid Crypto Volatility
The post Bitcoin Maintains Dominance Amid Crypto Volatility appeared on BitcoinEthereumNews.com.
The cryptocurrency market has recently seen fluctuations in the prices of top digital assets, with Bitcoin ($BTC) continuing to maintain its dominance. As of the latest data, Bitcoin is trading at $91,612.93 with a market capitalization of $1.81 trillion, accounting for 45.1% of the overall market share. This marks a significant dominance of Bitcoin, despite the mixed performance of other top cryptocurrencies. Bitcoin’s price has seen a 3.07% increase in the past 24 hours, demonstrating its resilience amid a generally bearish market. Bitcoin’s dominance is not only reflected in its price but also in its volume and circulating supply, as the coin leads with 19,809,510 BTC in circulation. Although it experienced a 7.49% drop in the last 30 days, Bitcoin’s upward movement in the past 24 hours has sparked optimism among investors, reinforcing its status as the most valuable cryptocurrency in terms of market capitalization. While Bitcoin continues to lead, Ethereum ($ETH), the second-largest cryptocurrency by market cap, is showing signs of life, trading at $3,083.79. Ethereum’s market cap has reached $371.75 billion, and its price has surged by 5.26% in the past 24 hours. Despite this recent uptick, Ethereum’s long-term performance remains under scrutiny, with a 20.16% decline in the past month. The volatility in Ethereum’s price continues to reflect the broader challenges faced by the second-largest cryptocurrency. XRP and Altcoins Mixed as Stablecoins Hold Steady Amid Volatility XRP ($XRP) ranks third on the list with a market cap of $137.29 billion and a price of $2.40. XRP has experienced a price drop of 4.57% in the last 24 hours, with a larger decline of 6.06% in the past month. The drop comes amid ongoing regulatory challenges surrounding the digital asset, but its consistent position within the top three cryptocurrencies highlights its staying power in the market. Other notable…
Filed under: News - @ January 14, 2025 9:13 am