{"id":285869,"date":"2023-01-03T21:00:19","date_gmt":"2023-01-03T21:00:19","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=285869"},"modified":"2023-01-03T18:53:35","modified_gmt":"2023-01-03T18:53:35","slug":"btc-market-dominance-exceeds-40-after-6-months","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/btc-market-dominance-exceeds-40-after-6-months\/","title":{"rendered":"BTC market dominance exceeds 40% after 6 months"},"content":{"rendered":"

Glassnode data analyzed by CryptoSlate<\/em> indicates that Bitcoin's (BTC) market dominance exceeded 40% for the first time since July 2022.<\/p>\n

\"BTC
BTC market dominance<\/figcaption><\/figure>\n

The chart above represents the BTC market dominance since October 2020 with the orange line. The BTC dominance was as high as 70% at the beginning of 2021. However, this percentage retreated to just above 40% in January 2022, only declining further during the year's first half.<\/p>\n

Except for a short spike where BTC dominance reached 48% in late June, the dominance rate was lingering below 40%.<\/p>\n","protected":false},"excerpt":{"rendered":"

Glassnode data analyzed by CryptoSlate indicates that Bitcoin’s (BTC) market dominance exceeded 40% for the first time since July 2022. The chart above represents the BTC market dominance since October 2020 with the orange line. The BTC dominance was as high as 70% at the beginning of 2021. However, this percentage retreated to just above […]<\/p>\n","protected":false},"author":1262,"featured_media":285888,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[120,6849],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"\nBTC market dominance exceeds 40% after 6 months<\/title>\n<meta name=\"description\" content=\"The last time Bitcoin dominance was over 40% was in July 2022.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/btc-market-dominance-exceeds-40-after-6-months\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BTC market dominance exceeds 40% after 6 months\" \/>\n<meta property=\"og:description\" content=\"The last time Bitcoin dominance was over 40% was in July 2022.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/btc-market-dominance-exceeds-40-after-6-months\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-03T21:00:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-03T18:53:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/01\/bitcoin-dominance-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Zeynep Geylan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Zeynep Geylan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/btc-market-dominance-exceeds-40-after-6-months\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/btc-market-dominance-exceeds-40-after-6-months\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/#person\",\"name\":\"Zeynep Geylan\",\"url\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/03\/zeynep-geylan-author-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/03\/zeynep-geylan-author-300x300.jpg\",\"caption\":\"Zeynep Geylan\"},\"jobTitle\":\"Journalist\",\"description\":\"Zeynep is an academic who turned to crypto in 2018. 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