Bitcoin Continues to Dominate the Crypto Market with 40% Share
According to the report, according to the data of Coinsecko, the current market share of Bitcoin is temporarily at 40.18%, with a weekly decline of 0.43%; The …
According to the report, according to the data of Coinsecko, the current market share of Bitcoin is temporarily at 40.18%, with a weekly decline of 0.43%; The share of Ethereum was 17.41%, with a weekly increase of 0.02%; The market value of USDT, USDC and BUSD are 6.36%, 3.83% and 1% respectively. The total market value of cryptocurrency across the network is $1105456639477.
The current market share of Bitcoin is 40.18%, with a weekly decline of 0.43%
Interpretation of the news:
According to the report, Bitcoin continues to dominate the cryptocurrency market with a temporary market share of 40.18%. This means that almost half of the total cryptocurrency market value is currently held by Bitcoin. However, the report notes a weekly decline of 0.43% for Bitcoin, which could suggest a shift in the market in the coming days.
Meanwhile, Ethereum holds a market share of 17.41%, with a slight weekly increase of 0.02%. This indicates that Ethereum has been holding its own in the market, but it still has a ways to go to catch up to Bitcoin in terms of market share. The report also provides data on other cryptocurrencies, including USDT, USDC, and BUSD. These three cryptocurrencies hold a market share of 6.36%, 3.83%, and 1%, respectively.
Overall, the total market value of cryptocurrency across the network is $1.1 trillion. This value represents the combined value of all cryptocurrencies currently in circulation. This figure is significant as it highlights the growing importance of cryptocurrency as an asset class.
From this report, it is clear that Bitcoin remains the most dominant cryptocurrency in the market. However, the slight decline in its market share suggests that there may be an opportunity for other cryptocurrencies to gain ground. Ethereum’s increase in market share is a promising sign, and it will be interesting to see if this trend continues in the coming weeks.
The report also highlights the importance of stablecoins such as USDT, USDC, and BUSD. These cryptocurrencies are designed to be pegged to a stable asset, such as the US dollar. Because of this, they provide a level of stability to the market, which can be useful for investors and traders.
In conclusion, this report provides valuable insights into the current state of the cryptocurrency market. Bitcoin remains dominant, but there are signs of potential shifts in the market in the coming weeks. The growing importance of stablecoins highlights the need for stability in the market, which could help boost investor confidence.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/3315/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
The US dollar index DXY rose 18 points in the short term to 102.88
According to reports, the US dollar index DXY rose 18 points in the short term and is currently trading at 102.88.
The US dollar index DXY rose 18 points in the short term to 102.8 -
TeraWulf Builds Nuclear-Powered Bitcoin Mining Facility
It is reported that TeraWulf, a Bitcoin miner, is building a nuclear-powered mining facility and naming it Nautilus. If Nautilus can run at full capacity later…
-
What is the Bitcoin key (Bitcoin key acquisition)
What is Bitcoin Key? Bitcoin Key is a Cryptography concept in the world of Cryptocurrency. It is considered to be the most secure and convenient way to unlock and protect your digital assets. In encryption technology, Bitcoin private keys can be used to store transaction records and send information. Bitcoin key is an encryption method proposed by BitGo, a Bitcoin open-source project development team, in 2011. It allows anyone to use the software to create and manage a complete encryption process. This is similar to traditional electronic wallets, which are generated and hosted by third parties, and these hardware devices are implemented through special technologies, making them trustworthy and tamper proof electronic wallets Bitcoin Key AcquisitionAccording to reports, Bitcoin Key can now be accessed on the internet. It allows anyone to view or send private keys, mnemonics, Cryptocurrency wallets, and other things to obtain digital signatures. This means that users will be able to accept payment for the key at…
-
USDT Address Activity: A Look at the 4-Month Low
According to reports, the number of active USDT addresses has just reached 4601.655 in the past hour (7d MA), a 4-month low.
The number of active USDT addresses hit a 4-month low
U -
Launch of Beta Version of Polygon zkEVM Network
It is reported that the beta version of the main network of Polygon zkEVM will be released on March 27. Polygon did not specify what the beta network will cont…
-
The Dark Side of Cryptocurrencies: Illegal Financial Use
According to reports, Christy Goldsmith Romero, Commissioner of the United States Commodity Futures Trading Commission (CFTC), recently delivered a speech on cryptocurrencies in Lo
-
The Power of Bitcoin as a “Ratchet” for Portfolio Returns
According to reports, Charles Edwards, founder of Digital Asset Quantitative Fund Capriole Investments, said on social media that Bitcoin is a \”ratchet\” of portfolio returns. Over
-
Coinbase Considers Alternative Banking Model
According to reports, Brian Armstrong, the CEO of Coinbase, said in response to Ryan Lacey, the chief strategic officer of Evertas, a crypto asset insurance company, that after the collapse of the Silicon Valley bank, Coinbase considered selecting a “high net worth+new commercial bank” model, “transferring assets to community banks and reserves”, but needed to provide more functions, such as fund wire transfer outbound, multi-user support, etc, Brian Armstrong also said that “non-partial reserve banking” now looks more attractive. Coinbase CEO: considered “transferring assets to community banks and reserves” Analysis based on this information:Coinbase is a digital currency exchange platform that allows users to buy and sell various cryptocurrencies. It has been on top of the market since its establishment in 2012, and it still continues to be a leading digital currency exchange today. However, like any business, it has faced its fair share of challenges, particularly in the area of banking. Brian Armstrong, the CEO of Coinbase, recently revealed…
-
Token Approval Explorer Contributes 200 BNBs to Tornado Cash
According to reports, PeckShieldAlert shows that the address labeled “Token Approval (SwapX) Explorer” has transferred 200 BNBs to Tornado Cash. The address related to the SwapX attack has transferred 200 BNBs to Tornado Cash Analysis based on this information:According to a report by PeckShieldAlert, an address labeled “Token Approval (SwapX) Explorer” has transferred 200 BNBs to Tornado Cash. This news has prompted speculation and concern within the cryptocurrency community. Firstly, the fact that the address is associated with Token Approval Explorer suggests that it is connected to the SwapX platform in some way. SwapX is a cryptocurrency exchange that allows users to swap different tokens without having to go through a centralized exchange. This can be a safer and more convenient option for users. However, the involvement of Token Approval Explorer raises questions about the security and legitimacy of the transaction. Secondly, the transfer of such a large amount (200 BNBs) to Tornado Cash has raised eyebrows. Tornado Cash is…
-
Cryptocurrency Venture Capital Firm OP Crypto Raises $28 Million from 22 Investors
According to reports, cryptocurrency venture capital company OP Crypto has raised $28 million from 22 investors. Last year, OP Crypto announced that it was launching a $100 million
-
Understanding The Delay On Token’s Commendation Sales
On April 19th, the Sui Foundation announced in the community that due to delays in evaluating data collection projects, Token\’s commendation sales have been postponed. Currently, t
-
AI Technology Reshaping Society: Sam Altman’s Opinion
On March 17th, Sam Altman, CEO of OpenAI, said that artificial intelligence (AI) technology will reshape society. He believes that AI poses dangers, but it is also the greatest technology ever developed by humans. OpenAI CEO: AI technology will reshape society, and regulators and all sectors of society should participate in the release and testing of ChatGPT as much as possible Analysis based on this information:Sam Altman, CEO of OpenAI, emphasized on March 17th that artificial intelligence (AI) technology is currently reshaping our society. Although it contains numerous risks, he still saw AI as the greatest technology ever developed by humans. The world is currently witnessing major technological advancements. One of the most innovative and disruptive technologies is artificial intelligence. AI is becoming more accessible and applicable in various industries, ranging from healthcare, education, manufacturing, and transport, among others. It has been challenging the conventional approaches while exploring novel solutions. However, AI technology comes with many risks, as pointed out…
-
The Destruction of USDCs by the USDC Treasury Department
According to reports, according to Whale Alert monitoring data, 101062793 USDCs ($101179481) were destroyed by the USDC Treasury Department.
The USDC Treasury Department destroyed -
Why Bitcoin Cannot be Refused (Why Bitcoin Should Not be Banned)
Why can\’t Bitcoin be refused? Why can\’t Bitcoin be refused? In the past two yea
-
When was USDT invented (On which chain is USDT issued)?
When was USDT invented? When was USDT invented? What is USDT?On June 28, 2018, D
-
US House of Representatives Financial Services Group to Collaborate with House Agriculture Committee on Cryptocurrency Regulation
It is reported that French Hill, the chairman of the Financial Services Group of the United States House of Representatives, which focuses on digital assets, s…