Bitcoin’s Crypto Market Action Holds the Upper Hand as Dominance Level Surpasses 40%

Bitcoin’s Crypto Market Action Holds the Upper Hand as Dominance Level Surpasses 40%


On Jan. 21, 2023, the price of bitcoin reached a 24-hour high of $23,333 per unit at 5 a.m. Eastern Time on Saturday. The entire crypto-economy is now valued at $1.05 trillion after rising 7.2% against the U.S. dollar. Bitcoin’s price rise has led to the crypto asset’s dominance level surpassing the 40% region among thousands of crypto assets, as the digital currency’s market valuation has climbed to $443 billion.

Bitcoin’s Value Rises 37.2% in 30 Days, Pushing Dominance Level Above 40%

Bitcoin jumped above the $23,000 zone on Jan. 21 and the crypto asset’s value is now 37.2% higher than it was 30 days ago. The increase has pushed BTC’s dominance level above the 40% region. According to coinmarketcap.com (CMC) data, BTC’s dominance level

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