Bitcoin’s market share has increased to 45% since the beginning of 2023.
The dominance index of the largest digital currency is adding, despite the fact that many retail traders have started to buy tokens that are promoted on social networks. For example, on a wave of popularity, the capitalization of the altcoin PEPE exceeded $1.6 billion in the first half of May.
BTC trading volume, meanwhile, has been steadily declining. The cryptocurrency’s price fluctuation range has decreased by 12% over the past four days, and it has fallen by 31% since the end of March.