TCR TOP STORIES
Home / Bitcoin News / BTC Dominance Continues! | Bitcoin Hit’s 50% for the first time in 2018

BTC Dominance Continues! | Bitcoin Hit’s 50% for the first time in 2018

It’s a great news to say that the analysis says that Bitcoin (BTC) has made up 50 percent of the entire cryptocurrency market capitalization.

The CoinMarketCap’s bitcoin gives a rate on the site- an indicator tracks the percent of the total cryptocurrency market capitalization contribution by the leading cryptocurrency bitcoin been the top currency overall carrying 50% of the market in its pocket.

The above chart is showing how bitcoin is been BTC Dominance Continues! | Bitcoin Hit’s 50% for the first time in 2018.

The favorite of 50% crypto investor and the price analysis of bitcoin’s dominance rate been on a steady incline over the past few months, currently, it’s going to show how much the price of bitcoin has increased in the month of May.

As the price of Bitcoin clumps down with it other Bitcoin also clumps down with it.
Conditions were much different the last time bitcoin’s market dominance was above 50 percent.

The price was high till 19th December over all exchanges the price was $17,605.81 it was the average price of BTC 65 percent higher than the cryptocurrencies value today, according to the CoinDesk Bitcoin Price Index.

At press, the bitcoin’s market capitalization now records $105,785,552,545, which is about $901 million more than the market capitalization of every other cryptocurrency combined.
Bitcoin is the kingpin of all cryptocurrency

About Steve Anderrson

Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic

Check Also

Litecoin Price Prediction : Litecoin Price Eyes $80 As Cryptocurrency Market Recovers

It’s not long since the virtual currency values started to alter the trend from bearish …

One comment

  1. Saved as a favorite, I like your website!

Leave a Reply

Your email address will not be published. Required fields are marked *

Please wait...

Subscribe to our newsletter

Want to be notified when our article is published? Enter your email address and name below to be the first to know.