News
Bitcoin's real dominance can exceed 90%
Aug 22, 2019 Forex News
In the cryptocurrency market, the actual dominance of Bitcoin may exceed 90%, according to a study by Arcane.
According to CoinMarketCap, at the moment, the BTC dominance index is slightly less than 70%, but Arcane analysts have a different point of view.
In the course of studying the dynamics of changes in the liquidity of the cryptocurrency market, it has recently been established that Bitcoin provides its lion's share on trading floors. In fact, the share of transactions with the largest cryptocurrency exceeds 90%, which is 20% more than the average market indicator.
The study did not take into account the liquidity of stablecoins secured by fiat currencies. Arcane has studied the liquidity of only real cryptocurrencies, the report says.
According to experts, the growing dominance of BTC signals a more active development of the blockchain infrastructure, necessary for processing Bitcoin transactions. No other cryptocurrency is able to dominate with Bitcoin, which is increasingly strengthening its position and becoming the leading financial instrument in the cryptosphere.
Note that the dominance of Ethereum decreased to 8%, and as the coin rate falls, this indicator will also decline.
to other news
All newsDespite the short-term effect of rumors that Amazon was going to accept Bitcoin this year and the subsequent pullback, the BTC/USD pair was able to find support in the area of $36500 and start a new rally. As a result, today the BTC/USD pair was able to rise
Mar 2, 2023 Forex Forecast
Dear clients, Please note that due to Independence Day celebrated in the USA on 4 July 2022 you may experience the following changes: Monday, July 4rdMetal CFDs: trading closes at 21:30. Indices CFDs: Europe 50 (#ESX50): trading closes at 23:00; France 40 (#FCHI): trading closes at 23:00;
Jul 1, 2022 Company News
On March 13th, 2022 TenkoFX will switch its trading servers 1 hour ahead, from GMT +2 to GMT +3. The change will affect all types of TenkoFX trading accounts. In ECN, STP accounts summer time will take effect starting with the market opening on Monday, March 14th, 2022. In Crypto
Mar 10, 2022 Company News
Dear Clients, Please note that due to President’s Day in the US on February 21, 2021, trading hours for some financial instruments will be changed as follows: Spot commodities CFD:Gold (XAUUSD) - trading ends at 21:30;Silver (XAGUSD) - trading ends at 21:30;US Crude (XTIUSD)
Feb 14, 2022 Company News