Bitcoin’s market dominance, which stood closer to 70% on Jan. 4 has continued to slide even though its price has risen more than 104% year-to-date. The current market dominance at 52.5% is the lowest since April 2019. This suggests that several altcoins are outperforming Bitcoin by a large margin. Bitcoin’s long-to-short ratio has dropped to a five-month low, but bears are not taking the bait, suggesting bulls are still in control of BTC price.
Market capitalization: $2.16T (+0.06%)
The BTC dominance: 52.52% (+0.13%)
Fear & Greed Index: 74 (Greed)
Aggregated Volume — $54.58B
Aggregated Open Interest — $21.60B