Glassnode data shows that Bitcoin’s market dominance exceeded 40% for the first time since July 2022. According to these data, the dominance of Bitcoin reached about 70% at the beginning of 2021. However, this index decreased to more than 40% in January 2022. This index remained below the 40% level except for a short jump at the end of June, which brought Bitcoin’s dominance to 48%.
Bitcoin dominance exceeds 40% after 6 Months