RATE Group | Bitcoin dominance rate quickly jumped to 2017 levels
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Bitcoin dominance rate quickly jumped to 2017 levels

02 May Bitcoin dominance rate quickly jumped to 2017 levels

Posted at 02:24h in Bitcoin News by

According to the data of the crypto research company Messari, the dominance rate of Bitcoin reached 2017 levels with a rapid increase.

According to data shared by Ryan Watkins from the crypto research company Messari, Bitcoin regained the dominance rate it reached after the 2017 bull run.

The dominance rate of Bitcoin shows the share of leading crypto money in total market value. This high rate means that investors find Bitcoin more attractive than any other cryptocurrency.

Bitcoin lost its share in the cryptocurrency market to a large extent in January 2018, when altcoins were experiencing major increases. This rate, which was recorded as 74 percent in December, when the price reached almost 20 thousand dollars, was pulled up to 30 percent with the rise of altcoins. Later, Bitcoin got its old share back.

Perhaps more striking is the rate of increase, as the dominance rate rose again to 74 percent. Such a steep rise had not been observed for a long…

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