Bitcoin dominance hits highest level since April 2021
This surge in dominance coincides with increased volatility in altcoins, especially Ethereum
In the past few hours, Bitcoin has fallen by 2%, while Ethereum has seen a 4% decline
Bitcoin has become increasingly focused in institutional and political circles, raising questions about the future of Bitcoin dominance and altcoins as they receive much less attention
What do you think, will Bitcoin dominance continue to rise?
Bitcoin bottomed 547 days prior to the 2016 Halving but topped in its Bull Market 518 days after the 2016 Halving
Bitcoin bottomed 517 days prior to the 2020 Halving but topped in its Bull Market 549 days after the 2020 Halving
Bitcoin bottomed 517 days before the 2024 Halving but may very well top in its Bull Market ~549 days after the 2024 Halving
That's October 2025
History suggests two takeaways:
1. The Halving acts like a mirror. Bitcoin Bear Market Bottoms occur a similar amount of days prior to the Halving compared to the amount of days its takes for Bitcoin to form Bull Market Tops after the Halving
Avalanche is a consensus protocol used in the eCash network to improve transaction speed and scalability. When Avalanche is fully implemented, it will not affect the total supply of coins available for trading (Total Supply).
Instead, it will positively impact transaction speed and fee costs, which could lead to increased network adoption and usage. The number of coins available for trading is primarily dependent on the monetary policies of the system, not the consensus protocol used.
Bitcoin is considered one of the most valuable financial assets in the world, thanks to its significant increase in market value over the years. It is the sixth most expensive asset in the world in terms of market value, after assets such as gold, and major stocks such as Apple and Microsoft. This value reflects the great interest and growing adoption by investors and global financial institutions.
Bitcoin bottomed 547 days prior to the 2016 Halving but topped in its Bull Market 518 days after the 2016 Halving
Bitcoin bottomed 517 days prior to the 2020 Halving but topped in its Bull Market 549 days after the 2020 Halving
Bitcoin bottomed 517 days before the 2024 Halving but may very well top in its Bull Market ~549 days after the 2024 Halving
That's October 2025
History suggests two takeaways:
1. The Halving acts like a mirror. Bitcoin Bear Market Bottoms occur a similar amount of days prior to the Halving compared to the amount of days its takes for Bitcoin to form Bull Market Tops after the Halving
11% of Bitcoin Supply in Coinbase’s Hand: Potential Risk Analysis
Coinbase holds about 11% of the total Bitcoin supply, raising questions about potential risks. If Coinbase decides to sell a significant portion of this supply, it could lead to significant market volatility.
I think the biggest risk is that one day the US government will secure the Bitcoin stored on US exchanges and seize it and pay for it in dollars like it did with gold last century.
In this case, the government will seize Coinbase and its stored Bitcoin by force of law.
Despite the inflation data issued positively for the markets
But Bitcoin is declining
Because the current market driver is the code areas The platforms' job is that people code and head to the code areas only in the last month. Currently, there are high code areas of up to 54 thousand
7 days left until the Federal meeting, which is the most important event this month
And there is another important event for the crypto market CZ exit on 9/28#BTC