Bitcoin Dominance Peaks as Ethereum and Altcoins Decline

10/7/2024 12:01:00 PM

According to @esatoshiclub, Bitcoin's market dominance reached its highest point since April 2021 during the third quarter. While Bitcoin ($BTC) maintained a sideways trading pattern, Ethereum ($ETH) and smaller cryptocurrencies experienced new yearly lows. This trend indicates that Bitcoin is increasingly being perceived as a store of value, whereas Ethereum's valuation is more closely linked to its cash flow capabilities. (Source)

Bitcoin Ethereum ETH BTC Market Dominance

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