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Tuesday

27 July 2021

After 3 Months In The Red, Why Bitcoin Is The Crypto Market’s Best Performer

After 3 Months In The Red, Why Bitcoin Is The Crypto Market’s Best Performer


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The crypto market has followed Bitcoin, except for a handful of coins, and the top ten sit on more pronounced losses.

However, a recent report by Arcane Research concluded that BTC remains the best performer in the crypto market.

As seen below, the Bitcoin Dominance stood at 46.92% by the time the report was published with ETH following with a 16.96%.

Cryptocurrencies with large market caps saw the less severe drops with only 18.5% closely followed by small-cap tokens with 19.6%.

This metric was on a decline but is moving towards April and May highs, Arcane Research said, with 395,000 BTC

In the coming weeks, the market could see further movement due to the recovery in the Bitcoin hashrate and the implementation of Ethereum’s EIP-1559 with the London Hardfork.

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