Bitcoin's share of the cryptocurrency market rose to nearly 60% on October 8 as major altcoins like Ether, XRP, Solana, Dogecoin, and Zcash dropped more sharply. Bitcoin traded near $81,100 despite a 2.8% decline, while altcoins fell between 5.5% and 14%. The rise in Bitcoin dominance reflects altcoins losing value faster rather than Bitcoin gaining. Over $1 billion in liquidations occurred, with Ether alone accounting for $333 million. This shift reverses earlier trends when altcoins had stronger weekly gains reducing Bitcoin's market share to 56.5%.
As of October 9, 2026, Bitcoin trades at Rp1.463.421.994 on Pluang, down 1.95% in the last day. Altcoins like Solana and Zcash show sharper declines, with Solana down 5.94% and Zcash falling 13.60%. This price action aligns with the reported increase in Bitcoin dominance near 60%, reflecting altcoins' steeper losses rather than Bitcoin's gains.
NEAR Protocol (NEAR) saw the steepest drop among major cryptocurrencies, falling 15.58% to $4.58 amid widespread market losses over 24 hours ending Oct. 8. Out of the top 90 cryptocurrencies by market cap, 67 declined while 23 advanced. Other notable...
Bitcoin historically performs well in October, with only three negative Octobers since 2013. Recent data shows a 40% increase in stablecoin inflows to Binance, totaling around $40 billion, indicating large holders preparing for market moves. Institut...
An analysis by Bitfinex reveals that Bitcoin short positions could face forced buybacks if the price climbs back above $86,500, potentially adding upward pressure on the market. The largest estimated liquidation cluster for Bitcoin is near $92,000, w...
Dogecoin (DOGE) fell 6.11% to $0.083 following a broader cryptocurrency market selloff that pushed Bitcoin below $84,000. This decline led to $688.8 million in liquidations, mostly from long positions. Technical analysts note DOGE is near critical su...
Bitcoin dominance has surged to 60.05%, a one-month high, as a major crypto market selloff severely impacts altcoins like Ethereum, XRP, Solana, and Dogecoin. Bitcoin itself fell about 3.3% but outperformed other cryptocurrencies during the recent cr...
