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

BTC

BTC/USDT

$62,818.00

-1.81%

$62,818.00

-1.81%

(24s)

24h Volume

$19,366,068,360.98

24h H/L

$64,646.75 / $62,272.07

Change: $2,374.68 (3.81%)

Long/Short

66.1%

Long: 66.1%Short: 33.9%

Funding Rate

+0.0006%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$62,784.68

▼ -0.28%

Volume (24h): -

Resistance Levels

Resistance 3$68,191.60

Resistance 2$64,767.31

Resistance 1$62,933.94

Price$62,784.68

Support 1$61,761.23

Support 2$59,130.91

Support 3$52,679.32

Pivot (PP):$62,760.62

Trend:Downtrend

RSI (14):34.5

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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