Bitcoin’s dominance, or the share of bitcoin’s market cap relative to the total market cap across cryptocurrencies, jumped to 52.86% on Sunday.
While the stock market was closed this weekend and unable to react to the news of Israel being the target of an Iranian drone attack, the crypto market was ready to respond.
Bitcoin was actually one of the cryptocurrencies least impacted. According to Coinglass, there were over $757 million worth of long liquidations on centralized exchanges on Saturday, but only $261 million worth were on bitcoin positions. Most assets seemed to have hit a relative bottom towards the end of Saturday and have seen a slight rebound.
But, without the stock market open, bitcoin and its cryptocurrency companions were forced to take the brunt of the fall.Bitcoin’s dominance, or the share of bitcoin’s market cap relative to the total market cap across cryptocurrencies, jumped to 52.86% on Sunday, the highest since April 2021.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin Miners’ Reserves Plummet to April 2021 Lows Amid Profit-Taking and BTC Price DeclineCrypto Blog
Read more »
Updated: Jury finds Mobile man not guilty of murder in 2021 shootingThe shooting happened on North Ann Street in April 2021.
Read more »
New-Car Transaction Prices Haven’t Been This Low For Nearly Two YearsDespite recent drops, new-vehicle prices are still up 15.5 percent versus March 2021
Read more »
Henry Cavill and Girlfriend Natalie Viscuso’s Relationship TimelineHenry Cavill and his girlfriend, Natalie Viscuso, went public with their relationship in April 2021
Read more »
Palestinians want April vote on UN membership despite US saying peace with Israel must come firstThe Palestinians want the Security Council to vote later this month on their revived request for full membership in the United Nations, despite the United States reiterating that Israel and the Palestinians must first negotiate a peace agreement
Read more »