Maximise your Metaverse potential, giving you daily rewards and a passive income of 0.5% daily I'm going in!

Bitcoin's dominance highest since 20 January

3 min reading

The price of Bitcoin has been rising all the time since the large drops recorded in mid-March. Following it, the vast majority of altcoins are also rising, which in total means a significant price increase. However, the dominance of bitcoin on the market is becoming more and more significant.

bitcoin dominance

Bitcoin's dominance is the highest since the beginning of the year

Bitcoin's dominance is an indicator that measures the share of the most popular cryptocurrencies in the whole market. At the time of writing this article it is 66.02%, and since January 20 this year it has not been at a higher level

This means that the price of altcoins, despite the rise in relation to the dollar, is falling compared to Bitcoin

Bitcoin dominance dropped significantly in February when it reached 60%. At that time, the market was in the so-called Alt season. Since then, however, Bitcoin has been taking over the market because of the approaching halving.

It is estimated that the event that will halve the rewards for Bitcoin extraction will take place on May 12th, and historically, there have always been significant increases after this event.

Altcoins are losing to BTC

Over the last month, the price of altcoins has been falling in relation to Bitcoin.

crypto overview

As can be seen in the graph above, all major cryptocurrencies have lost their value compared to the most popular crypto - Bitcoin. Ethereum fell slightly below 4%, XRP fell by 12%, while EOS lost a staggering 20% of its value in Bitcoin.

This means that there is a mismatch of funds coming into the market because investors prefer to invest their money in Bitcoin.

This may have been to be expected given that Bitcoin halving will take place in 2 days. On the positive side, however, the price of altcoins is rising in relation to the US dollar. The whole market is recovering very nicely and relatively quickly after the falls that occurred in mid-March.

It is very interesting how the market will behave after halving, as most investors expect the price to fall in a short period of time.

Currency Exchange rate Buy cryptocurrency

Maximise your Metaverse potential,
giving you daily rewards and a passive income of 0.5% daily

Dear customer,

We use cookies to provide our services correctly and safely. Cookies are small text-based data sets that shall be saved on the device you are using in connection with the use of this instnat website. Cookies are created in order to ensure proper functioning of thes instant website. By clicking the button "I accept and go to the website", you implicitly agree to creation of the cookies on your computer and to deploy automatic tracking and data collection and processing on behalf of the Ommyo.Net ( Click the above-captioned button is also tantamount to accepting website's privacy policy. Closing the notification by means of "X" is unequivocally connected with your consent. If you do not agree to any of the above, please discontinue using our Website.

“Cookies” shall make an identification of the software used by you and to customization of this instant website to your needs. Cookies contain the name of the domain from which they origin, duration of period of their storage on your computer and an assigned value.

Third party cookies:
We also use third-party cookies for the following purposes:

  • creating statistics - helping to understand the way Users use the Website, which allows to improve its structure and content with use of the analytical tools
  • defining a user profile - in order to display custom-tailored content in advertising networks.

External entities that might be source of any third-party cookies on this instant Website are as follows:

Using a settings of your web browser or by using pre-set configuration tools available in our service you can independently and at any time change the settings concerning your use of the “cookies”, specifying the conditionsof their storage and how your device is creating and downloading them. These settings can be changed to block the automatic handling of cookies in the settings of your web browser or inform about their placement on your device each time.

Detailed information about the options related to use of “cookies” is available in the settings of your software (web browser).

Service privacy policy

This instant document lays out the principles of the Privacy Policy on the website (hereinafter referred to as the "Website" or "Service"). The administrator of the Website is Ommyo.Net c/o Fintech Labs Global Solutions, Unit 303, Ile Du Port, Mahe, Seychelles

The full document to read the ommyo privacy policy is available in this document.

Advanced settings can be changed in your browser.