Bitcoin Dominance Soars to 57.79% Amidst Altcoin Sell-Off: Market Insights

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 analysis by COINOTAG on December 10th, a significant shift occurred within the crypto markets as Bitcoin Dominance (BTC.D) spiked to 57.79%. This surge was observed during a broad sell-off of altcoins, although BTC.D has since retreated to 56.97%. Notably, the total market capitalization of altcoins, excluding Ethereum, witnessed a dramatic decline, decreasing by 10.76% over the last 24 hours. The downturn was most pronounced for some altcoins, which experienced losses as severe as 17%, bringing the total market cap of this segment down to $1.01 trillion.

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