Bitcoin Dominance Slides Below 40% for First Time in 6 Months – Market Updates Bitcoin News

Bitcoin’s price hovered around $60K over the week. Digital currency supporters are now wondering where it is going. At the time of writing, the crypto economy is valued at $2.81 trillion and bitcoin’s market dominance has sunk below the 40% region for several days now.

Bitcoin’s dominance slips to 39.7%; Ethereum dominates 19%

The price of bitcoin (BTC) reached $69K on November 10, and six days later on the 16th, the price fell below the $60K zone and hasn’t returned above that region since then. According to cryptocurrency coin market aggregators, there are currently around 11.117 coins traded on 525 crypto exchanges. Over 11K coins are worth around $2.81 trillion. Its value increased 3.9% during the last 24 hour.

Bitcoin Dominance Slides Below 40% for First Time in 6 Months
Bitcoin (BTC), and Ethereum (ETH) dominance levels will be displayed on Thursday, November 25th, 2021 at 12:00 PM (EST).

Bitcoin (BTC), with a total market capitalization around $1.1 billion, has 39.7% dominance on Thursday November 25. BTC’s dominance has not been this low since mid-May 2021, or around six months ago. Three years ago, on June 17, 2018, it was below 40%.’s statistics show that ethereum, which is the second most popular crypto asset (ETH), holds around 19% market dominance. Market valuation for Ether is around $525 million at the time this article was written.

Ethereum (ETH), which holds a large portion of crypto dominance, has seen a number of assets rise in value and increase their dominance. The Binance Coin (BNB), which controls 4.02% and USDT, captures 2.74 percent of the crypto economy’s $2.78 trillion. Solana (SOL) has increased in value a great deal this year and currently, SOL commands 2.43% of the crypto economy’s overall value. Cardano (ADA) is another that holds more than 2% as ADA’s market valuation on Thursday is 2.13% of the crypto economy.

11.116 Crypto Assets Command $1.68 Trillion In Fiat Value

Only five other crypto assets command more than 1% of the crypto economy’s fiat value and six coins have more than 0.5% of the $2.81 trillion in value. BTC (Bitcoin) dominance was above 60% for the first two months of this year. However, BTC dominance fell below 60% by February. Interesting fact: BTC dominance was above the 80 percent region throughout the entire life of the coin (except for a handful of brief occasions) until February 2017.

BTC’s dominance has never returned back above the 80% region but did reach 70% on January 3, 2021, the network’s 12th anniversary. Bitcoin is now much more competitive than in its early days. Before 2013, there were just a handful of competitors. There were many other digital assets available when BTC fell below 80% dominance in 2017. BTC holds steady with $1.1 billion in fiat and 11116 crypto assets have $1.68 Trillion in fiat.

In this story, tags
ada. BCH. Bitcoin (BTC), bitcoin dominance. bnb. BTC. Dominance. Cryptocurrencies. dogecoin. ETH. ETH dominance. Ether dominance. Ethereum, Ethereum. (ETH), SOL. Solana. USDT. XRP

What do you think about bitcoin’s dominance sinking below the 40% zone? Please comment below to let us know your thoughts on this topic.

Images Credit: Shutterstock. Pixabay. Wiki Commons.

DisclaimerThis article serves informational purposes. It does not constitute an offer, solicitation, or recommendation of any company, products or services. doesn’t offer investment, tax or legal advice. This article does not contain any information, products, or advice that can be used to cause or alleged result in any kind of damage.

Get more Crypto News at CFX Magazine