Bitcoin’s Dominance Persists With Over 86% of Holders in Profit Despite Market Volatility

Published 20/06/2024, 17:40
© Reuters Bitcoin’s Dominance Persists With Over 86% of Holders in Profit Despite Market Volatility
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Coin Edition -

  • Bitcoin’s dominance holds strong, with 86% holders in profit; Ethereum’s ETF potential signals further growth.
  • Whale accumulation and institutional interest in Bitcoin suggest long-term confidence amid market volatility.
  • Despite significant altcoin declines, increasing social interest in Ethereum and AI tokens points to potential rebounds.

The cryptocurrency market continues to captivate investors worldwide, with significant profits concentrated in large-cap coins and memecoins. As per IntoTheBlock data, Bitcoin remains the dominant force in the market, with over 86% of its holders currently in profit. Ethereum follows closely behind, showing strong performance with potential further gains from an anticipated Ethereum ETF.

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