While Ethereum gained momentum towards the Merge update, which is planned to take place between September 10-20, Bitcoin's dominance fell below 40 percent. Dominance, which can also be expressed as market dominance or market share, means the share of Bitcoin's market value in the total market value of cryptocurrencies.

According to the data of TradingView, the data in question saw 39.55% today. This level is recorded for the first time since January 2022. The same data had passed 73 percent in late December of 2020.

Ethereum dominance has increased from 14% in June to 20%. This increase in Ethereum's market share is being attributed to the upcoming Merge update. It is considered that Merge created a great expectation among investors and this expectation was bought. In this sense, Merge did not only mobilize investors. Miners also tended to accumulate the ETH they produced. Since last March, the amount of ETH held by miners has doubled, from 130 thousand to 260 thousand.


Latest Situation in Cryptocurrency

  • Bitcoin/USDT parity is trading at $19,855 with a change of -0.01% in the last 24 hours as of news time. Bitcoin / TL is 360,911 ₺.
  • The Ethereum/USDT pair is trading at $1,563, up +0.71% in the last 24 hours. Ethereum / TL is 28,454 ₺.
  • Bitcoin's trading volume in the last 24 hours stood at $24.1 billion, while Bitcoin dominance stood at 38.8%.
  • When we look at the price changes of the main altcoins in the last 24 hours at the time of writing; Binance coin (BNB) +0.35% change to $277, Ripple (XRP) +0.65% to $0.33, Cardano (ADA) +5.68% to $0.50, Solana (SOL) +2% to $31.72, Dogecoin (DOGE) + They are trading at $0.063 with a change of 1.13%.
  • In the last 24 hours, Cardano (ADA) showed the highest rise among the top 100 cryptocurrencies by market value, while Helium (HNT) was the crypto currency with the most decline.
  • Cardano (ADA) is trading at $0.50, up +5.68%, while Helium is trading at $4.23, up -8.63%.