Bitcoin's dominance in the cryptocurrency market increased during Q2 2023, while altcoins faced a difficult period of decline.
Both Bitcoin and Ethereum continued to build on their gains from the previous quarter, but major altcoins such as Binance Coin, XRP, and Cardano suffered significant losses due to regulatory scrutiny. Decentralized finance tokens and play-to-earn tokens also faced losses.
Despite a brief altcoin rally driven by Ripple's partial court victory, Bitcoin's dominance remained strong, reinforcing its position as the dominant player in the crypto market.
All Comments