Summary
- Altcoin futures trading volume has recorded $223.6 billion, the highest in the past five months.
- Bitcoin dominance has dropped by 3.4 percentage points in the past month, standing at 61.0%.
- Over the same period, Ethereum dominance increased by 2.7 percentage points, reaching 11.8%.
Altcoin futures trading volume has hit its highest level in five months.
Cointelegraph announced via its official X (formerly Twitter) account on the 31st (local time), "Altcoin futures trading volume, including Ethereum (ETH), has reached $223.6 billion," adding, "This is the highest level in the past five months."
Bitcoin dominance is also on the decline. According to cryptocurrency market tracking website CoinMarketCap, as of this date, bitcoin dominance stood at 61.0%. This is a decrease of 3.4 percentage points from July 1, one month earlier (64.4%). During the same period, Ethereum dominance rose by 2.7 percentage points, from 9.1% to 11.8%.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul![[Market] Bitcoin slips below $77,000…Ethereum also breaks below $2,300](https://media.bloomingbit.io/PROD/news/f368fdee-cfea-4682-a5a1-926caa66b807.webp?w=250)
!['Easy money is over' as Trump pick triggers turmoil…Bitcoin tumbles too [Bin Nansa’s Wall Street, No Gaps]](https://media.bloomingbit.io/PROD/news/c5552397-3200-4794-a27b-2fabde64d4e2.webp?w=250)