Bitcoin Dominance Drops 2.35% to 58.23%, Hits New Low Since January as Altcoin Market Caps Rise

BTC

BTC/USDT

$71,354.77

+3.55%

$71,354.77

+3.55%

(24s)

24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short

65.5%

Long: 65.5%Short: 34.5%

Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$71,351.87

▲ 2.98%

Volume (24h): -

Resistance Levels

Resistance 3$79,008.03

Resistance 2$75,548.63

Resistance 1$72,179.52

Price$71,351.87

Support 1$70,589.27

Support 2$67,300.00

Support 3$62,909.86

Pivot (PP):$70,598.27

Trend:Downtrend

RSI (14):35.3

COINOTAG data dated August 24 shows Bitcoin dominance (BTC.D) contracted by 2.35% over the past week to 58.23%, marking its lowest reading since January. This measurable decline in dominance denotes a shift in market share away from Bitcoin when evaluated against standard market-cap benchmarks.

During the same period the total crypto market cap ticked up 0.24%, while TOTAL 2 (market cap excluding Bitcoin) rose 3.69% and TOTAL 3 (excluding Bitcoin and Ethereum) increased 1.48%. These on-chain market-cap metrics indicate a modest broadening of capitalization among altcoins, with implications for index tracking and relative-weight portfolio assessments.

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