Bitcoin Dominance ‘Has Topped’ If Ether Surge Continues

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Crypto analyst Matthew Hyland says that Bitcoin’s market dominance has reached its peak if the price of Ether continues its upward trend.

“If ETH breaks bullish and remains bullish against BTC there is a 99% chance BTC Dominance has topped,” Hyland said in an X post on Tuesday.

“Impossible” for BTC dominance to spike if ETH pattern holds

“It is basically impossible for Dominance to push higher if ETH continues higher against BTC,” Hyland added.

Bitcoin (BTC) dominance  — a measure of Bitcoin’s share of the market — is at 63.82% at the…



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Bitcoin Dominance ‘Has Topped’ If Ether Surge Continues


Crypto analyst Matthew Hyland says that Bitcoin’s market dominance has reached its peak if the price of Ether continues its upward trend.

“If ETH breaks bullish and remains bullish against BTC there is a 99% chance BTC Dominance has topped,” Hyland said in an X post on Tuesday.

“Impossible” for BTC dominance to spike if ETH pattern holds

“It is basically impossible for Dominance to push higher if ETH continues higher against BTC,” Hyland added.

Bitcoin (BTC) dominance  — a measure of Bitcoin’s share of the market — is at 63.82% at the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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