Bitcoin’s Dominance Soars To 56% As Long-Term Holders Maintain Strong Conviction

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Bitcoin, the leading digital asset, continues to solidify its dominance in the cryptocurrency market, now commanding an impressive 56% of the total market capitalization. This surge in dominance, rising from 38% in November 2022 to 56% today, reflects the unwavering confidence of Bitcoin’s long-term holders, who have been steadily accumulating BTC beneath the surface. #Bitcoin, as the leading digital asset, continues see its dominance expand, now commanding a staggering 56% of the total market capitalization. Supporting this, Bitcoin Long-Term Holders remain steadfast in their conviction, with significant accumulation pressure below the… pic.twitter.com/RQqSiHzexB — glassnode (@glassnode) August 20, 2024 While Bitcoin’s

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