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Some analysts believe that the increase in supply could put further pressure on $XRP’s value, particularly as investors weigh the impact of these tokens entering the market.

Ripple to unlock one Billion XRP: What it means for investors and market?

Bitcoin’s dominance in the market has increased to 65%, a level last achieved during the bull run of 2021.

Bitcoin’s climb toward $70K fuels hopes for new market peak

According to data from CoinDesk Indices, Bitcoin is now outperforming other large cryptocurrencies, including those in the CoinDesk 20 (CD20) index, which rose by 9.6% in the same period.

Bitcoin demand grows as market looks towards new highs

The new collaboration with MHC Digital Group signals Circle’s ambitions to grow its presence in the Asia Pacific market. 

USDC stablecoin to enter Australian market through new Circle partnership

A major factor driving Base’s growth has been the decentralised exchange (DEX) Aerodrome, which holds over $1 billion of the total value locked on Base. 

Base TVL surges to $2B as DeFi market recovery drives user growth

One major factor behind this rise is the decline of altcoins. Ethereum, the second-largest cryptocurrency, has seen its market share fall sharply. 

Bitcoin’s market share hits 58%, cementing its crypto dominance

Other major cryptocurrencies have also seen significant price drops. Ethereum ($ETH), the second-largest cryptocurrency by market value, is down 2.23%. Solana ($SOL) has fallen by 2.82%, and XRP by 2.19%.

Cryptocurrency market struggles: Bitcoin and major coins see price declines

When $PYUSD was first launched, its market capitalisation was modest, sitting at under $50 million. This made it a small player in the vast world of stablecoins. 

PayPal’s PYUSD surges to $1B in market value after Solana integration

Bitcoin’s increasing dominance began in late 2022, primarily driven by speculation around a spot Bitcoin exchange-traded fund (ETF). 

Bitcoin leads the crypto market, hitting 40-month high in dominance

ETHA’s journey to the $1 billion mark was solidified by an inflow of $26.8 million on 20 August. This achievement is particularly impressive given the competitive landscape. 

BlackRock’s Ethereum ETF reaches $1B milestone amidst competitive market