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

BTC

BTC/USDT

$63,880.00

+1.00%

$63,880.00

+1.00%

(24s)

24h Volume

$13,721,237,915.31

24h H/L

$64,200.00 / $62,742.47

Change: $1,457.53 (2.32%)

Long/Short

64.3%

Long: 64.3%Short: 35.7%

Funding Rate

+0.0048%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,699.35

▼ -0.34%

Volume (24h): -

Resistance Levels

Resistance 3$66,332.72

Resistance 2$65,316.38

Resistance 1$63,798.97

Price$63,699.35

Support 1$62,614.76

Support 2$61,468.10

Support 3$57,800.19

Pivot (PP):$63,585.82

Trend:Sideways

RSI (14):47.4

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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