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Bitcoin Dominance Has Remained Under 40% for More Than 3 Consecutive Months

Bitcoin’s market capitalization has been above the $325 billion region since Nov. 29, 2022. At the time of writing, bitcoin’s (BTC) overall market valuation is around $328 billion, which represents around 38.3% of the crypto economy’s entire $856,947,917,107 market cap.

The second leading crypto asset, Ethereum (ETH), on the other hand, has a market cap today of around $155.38 billion or 18.1% of the aggregate $856 billion. In the early days, BTC’s market supremacy was above the 90% region from when it first gained value in 2010, all the way up until the second week of Nov. 2014.

Crypto market dominance, among the thousands of digital asset market capitalizations, refers to the relative size of the coin’s capitalization compared to the overall market capitalization of the entire crypto economy. After mid-Nov. 2014, BTC’s market dominance slid below the 90% region but remained above the 80% range all the way until the first week of March 2017.

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