Glassnode: Bitcoin may continue 2020 cycle pattern
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2025-01-25 07:02 5,723
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Golden Finance reported that the encryption research institution Glassnode issued an article on X stating that Bitcoin’s market dominance is rising. Bitcoin dominance has topped 57% in January 2025, after bottoming at around 54% in December 2024.
The trend is similar to the 2020 cycle, when Bitcoin dominance bottomed at around 60% in November 2020, before rising to 69% in January 2021 before beginning to decline.