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Bitcoin dominance surged to a three-year high amid the weekend's market turmoil. Per data from Coinglass, Bitcoin dominance—the ratio of Bitcoin's market capitalization to that of all cryptocurrencies—is currently 55.6989%, marking its highest level since April 2021. At that time, the total market cap of all cryptocurrencies was $1.09 trillion, versus $1.2 trillion today. "Current market conditions are significantly different from those in April 2021," Ruslan Lienkha, chief of markets at YouHodl...

Top cryptos within the decentralized finance sector witnessed a strong sell-off late Sunday as the crypto arm of proprietary trading firm Jump Trading began moving millions of dollars to exchanges. It follows crypto investors rushing to the exit, spooked by concerns stemming from economic and geopolitical headwinds, Decrypt reported. Recessionary fears led to a substantial sell-off in U.S. equity markets on Friday, with the unemployment rate rising to 4.3% in June, triggering global market decli...

Amid the battering the crypto market has received on Monday, Bernstein said Q3 for Bitcoin will be heavily influenced by macroeconomic factors and political developments. "Overall, the Bitcoin and crypto market will likely trade off macro and election cues for most of Q3, 2024," the Bernstein analysts wrote in a note Monday morning, highlighting the interconnectedness of digital assets with broader economic and political trends. The report notes that BTC experienced a significant correction over...

Crypto bulls lost nearly $200 million in the past 24 hours as the week’s sell-off worsened over the weekend.

Bitcoin used to utterly dominate the crypto market, but its dominance dipped in recent years -- and now it's rising again. How does this trend affect crypto investors?