Bitcoin has all the time dominated the cryptocurrency market. However for the primary time since December 2017—when Bitcoin was valued at $20ok per coin—Bitcoin dominance is nearing 70%. It’s a big indicator of the present sentiment surrounding the world’s largest digital asset.
It additionally leaves a sizeable query mark over the way forward for the lots of of altcoins that comprise this market.
Bitcoin Dominance Ranking
Bitcoin’s market cap of $217.91 billion now covers 69.93% of the overall cryptocurrency market in line with NewsBTC.
Comparatively, at its lowest in January 2018, after Bitcoin worth plunged from its …
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