Altcoin Market Sees Decline as Bitcoin Dominance Rises

Bitcoin's dominance rose, while altcoins saw a decline, with the OTHERS.D metric reflecting a 3% drop, signaling a cooling in the altcoin sector.

BTC
ETH
BNB

Summary

On September 30, Bitcoin, Ethereum, SOL, and BNB experienced strong rebounds, while the altcoin market faced pressure from recent new tokens. Bitcoin’s market dominance rose by 0.73% to 58.88%, Ethereum’s stood at 13.10%, and the OTHERS.D metric fell by 3%, signaling a downturn in altcoins.

Terms & Concepts
  • OTHERS.D: A metric reflecting the market dominance of altcoins outside the top 10 cryptocurrencies.
  • Market Dominance: The percentage share of a specific cryptocurrency’s market capitalization compared to the total cryptocurrency market cap.