RATE Group | Bitcoin Market Dominance: From 66% to 33% and Up Again
39449
post-template-default,single,single-post,postid-39449,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Bitcoin Market Dominance: From 66% to 33% and Up Again

21 Aug Bitcoin Market Dominance: From 66% to 33% and Up Again

Posted at 00:11h in Bitcoin News by

[ad_1]

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Some would say the cryptocurrency market is beginning to bounce back; after a seven month bear market, Bitcoin breached the $8,000 mark on July 24 — the first time it has passed $8,000 since May 22. But not only is Bitcoin beginning to climb back to bull status, BTC is also regaining its dominance in terms of cryptocurrency market capitalization (aka market cap).

In the bull market from September to December 2017, Bitcoin occupied a 66 percent share of the total cryptocurrency market cap at its max.

However, the drastic change that occurred in December 2017 was likely due to investors learning there were opportunities to receive a higher reward if they invested in altcoins. Now that the some of the smoke has cleared surrounding the blockchain and cryptocurrency markets, and people no longer believe they…

[ad_2]

Source link

Tags:
, , , ,