After the Dramatic downfall in cryptocurrency from the start of this year, which leads the Marketcap soars to almost 70% of their price, Now the Cryptocurrency market seems to recover back, the total market cap of all cryptocurrencies has again reached $500 bln according to Coinmarketcap.com.
Bitcoin has significant boon over the past few days, surpassing the $11,000 market, while alternative cryptocurrencies in the market have down-performed compared bitcoin, as the most dominant cryptocurrency in the market continued to lead a strong rally.
Bitcoin has increased by nearly 8 percent since February 17, achieving $11,200. Apart from a few small cryptocurrencies such as Aion, bitcoin has been the best performing major cryptocurrency in the market.
Bitcoin still holding its position as world’s most valuable Cryptocurrency, outperforming better than most of the other cryptocurrency, according to recent statics of Coinmarketcap Moving from 34.72% of the entire cryptocurrency market’s value at its lowest and at its highest, bitcoin’s total market domination moved to 36.86%, suggesting it may have strong market sentiment behind it.