Following the Terra LUNA and UST fallout, digital currency markets have dropped in value as the crypto economy dropped 6.93% from $1.356 trillion on May 22, to today’s $1.262 trillion. Amid the market carnage, bitcoin’s market dominance has increased to 43.8%, reaching the highest value since October 30, 2021. Moreover, ethereum’s market dominance has slid from 19.56% on April 16, to today’s 17.1%.
After removing stablecoins, this thing appears to have broken out already.
Key levels on the chart.
What do you think about bitcoin’s dominance increasing and ethereum’s dominance decreasing after Terra’s demise? Let us know what you think about this subject in the comments section below.
