Binance releases the H1 2023 report: Bitcoin market dominance hits a new high! – Coinpedia Fintech News

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Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Binance, the world’s largest cryptocurrency exchange, has released its report for the first half of 2023. According to the report, Bitcoin’s market dominance reached its highest level since April 2021, and its year-to-date price performance has remarkably outperformed many traditional financial investments. The stablecoin market capitalization has dropped, but the market share of USDT has increased significantly. NFTs have lagged behind the overall cryptocurrency market, while the infrastructure, gaming/entertainment, and DeFi sectors attracted the most investment.

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