Bitcoin trading dominance hits 2017-levels not seen since $20,000 BTC

The cryptocurrency market has suddenly shifted back to Bitcoin (BTC) after several months of a decentralized finance (DeFi) frenzy. While market cap dominance remains below 60%, earlier this month, the trading dominance of BTC has spiked to levels not seen since 2017 when the price hit an all-time high at $20,000.

The trading dominance of Bitcoin against other major cryptocurrencies. Source: TheTie

Due to the growing dominance of Bitcoin in terms of market volume, the alternative…


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