Bitcoin Dominance Drops to 59.4% as Total Crypto Market Cap Sees Modest Growth

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

According to recent market analytics from COINOTAG on August 18th, Bitcoin Dominance (BTC.D) has seen a decline of 1.78% over the past week, currently positioned at 59.4%. This shift highlights a growing diversification within the cryptocurrency sector as investors explore alternatives. Meanwhile, the overall cryptocurrency market capitalization demonstrated a modest uptick of 0.31% during the same timeframe. Notably, the market cap minus Bitcoin, known as TOTAL 2, surged by 3.06%, while the cap excluding both Bitcoin and Ethereum, termed TOTAL 3, experienced a rise of 1.91%. These figures suggest an evolving landscape that reflects increased investor interest in asset classes beyond Bitcoin, indicating a potential shift in market dynamics.