🚨Market Dominance and Volatility🔥
Since November 2022, Bitcoin’s dominance has increased from 38.7% to 58.3%. Glassnode attributes this to a shift toward higher-liquidity and lower-risk assets. Meanwhile, Ethereum’s market share has declined to 12.1%, continuing its multi-year trend of underperformance relative to Bitcoin following the 2022 Merge. The broader Altcoin sector now represents 21.3% of the total market due to subdued retail participation and limited speculative capital compared with previous cycles.
Additionally, Stablecoins account for 8.3% of the total market, slightly higher than last year but below their 17.3% peak in late 2022. The report highlights that these assets remain the primary quote currency on centralized and decentralized exchanges. Further, their rising adoption in emerging markets contributes to liquidity and supports dollar-denominated trade.#BinanceBlockchainWeek $BTC
