Bitcoin has always dominated the cryptocurrency market. But for the first time since December 2017—when Bitcoin was valued at $20k per coin—Bitcoin dominance is nearing 70%. It’s a significant indicator of the current sentiment surrounding the world’s largest digital asset.
It also leaves a sizeable question mark over the future of the hundreds of altcoins that comprise this market.
Bitcoin Dominance Rating
Bitcoin’s market cap of $217.91 billion now covers 69.93% of the total cryptocurrency market according to NewsBTC.
Comparatively, at its lowest in January 2018, after Bitcoin price plunged from its ...
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