Summary
- Bitcoin has recorded a 3.7% return, outperforming 15 of the top 20 tokens by market capitalization over the past month.
- Most major altcoins showed negative returns, reflecting continued weakness.
- Bitcoin's dominance has recovered to 62%, indicating that the 'alt season' has not yet begun.
Bitcoin (BTC) is solidifying its dominance in the digital asset (cryptocurrency) market.
According to The Block on the 9th (local time), Bitcoin has maintained its edge in the cryptocurrency market, posting a 3.7% return over the past month, outperforming 15 of the top 20 tokens by market capitalization. In contrast, most major altcoins showed negative returns.
As a result, Bitcoin's dominance (market share) has climbed back up to 62%, recovering its peak from May. Regarding this, the media noted, “The poor performance of altcoins indicates that the 'alt season' anticipated by the market has yet to materialize.”
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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