{"id":136219,"date":"2024-08-26T11:00:55","date_gmt":"2024-08-26T08:00:55","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=136219"},"modified":"2024-08-26T01:13:21","modified_gmt":"2024-08-25T22:13:21","slug":"bitcoin-remains-dominant-despite-altcoin-surges","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-remains-dominant-despite-altcoin-surges\/","title":{"rendered":"Bitcoin Remains Dominant Despite Altcoin Surges"},"content":{"rendered":"<p><strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a> <\/strong>led the charge, surpassing $64,790, though its momentum seemed to wane by the end of the week.<\/p>\n<p>This positive trend extended to altcoins, with several seeing substantial gains of 20% to 30% in just one week.<\/p>\n<p>Despite these gains in altcoins, Bitcoin remains the dominant force in the market. The Altcoin Season Index, which measures altcoin performance relative to Bitcoin, is currently at 22, indicating Bitcoin\u2019s continued dominance. Similarly, the Altcoin Monthly Index stands at 29, also favoring Bitcoin.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/new-whale-emerges-after-massive-xrp-transfer-of-61-6-million\/\" title=\"New Whale Emerges After Massive XRP Transfer of $61.6 Million\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2023\/02\/whale-sea-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">New Whale Emerges After Massive XRP Transfer of $61.6 Million<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>The index assesses whether 75% of the top 50 altcoins have outperformed Bitcoin over the past 90 days to determine altcoin season. The last official altcoin season was during the 2021 bull market. The index nearly tipped in favor of altcoins in January 2024 but has since hovered between 20 and 30, with a low of 12 in late July, reflecting Bitcoin\u2019s ongoing dominance.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/bitcoinist.com\/wp-content\/uploads\/2024\/08\/a_1f4bbf.png?resize=579%2C315\"><\/p>\n<p>Currently, Bitcoin is trading at $63,850 with a market capitalization of $1.26 trillion, representing a 6.92% increase over the past week. Bitcoin now constitutes 56.3% of the total cryptocurrency market value.<\/p>\n<p>Due to Bitcoin\u2019s dominance, many altcoins often mirror its performance, though some can experience independent surges. Ethereum currently holds the largest share of the altcoin market cap at $314.2 billion, with other altcoins collectively valued at $438.48 billion and stablecoins at $161.97 billion.<\/p>\n<p>Among the notable performers, Sun Token, a stablecoin swap token on the TRON network, has surged 305% in the past week. Memecoins Dogwifhat (WIF) and POPCAT have also posted significant gains of 32.7% and 76%, respectively.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last week, the cryptocurrency market saw a notable rally, bringing significant profits for short-term traders.<\/p>\n","protected":false},"author":3,"featured_media":104841,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[72,71],"class_list":["post-136219","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-stablecoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Remains Dominant Despite Altcoin Surges<\/title>\n<meta name=\"description\" content=\"Last week, the cryptocurrency market saw a notable 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