Mark Mason
Well-known member
Bitcoin Dominance Hits Record Low, Ecosystem More Diversified Than Ever
Bitcoin has fallen to its lowest share of the market to date, this time against several competitors.
Mid-December, Bitcoin’s price hit an all-time high of $20,000 per coin, with a market dominance percentage of about 56% and a combined cryptocurrency market of just shy of $600 billion. Now, that combined market cap ranks at $643 billion, however Bitcoin’s price has remained near $14,000 per coin as the rest of the market has grown in its stead. Bitcoin’s dominance factor has slipped to under 36%, down from nearly 88% one year ago.
Read more: https://www.dashforcenews.com/bitcoin-dominance-hits-record-low-ecosystem-diversified-ever/
Bitcoin has fallen to its lowest share of the market to date, this time against several competitors.
Mid-December, Bitcoin’s price hit an all-time high of $20,000 per coin, with a market dominance percentage of about 56% and a combined cryptocurrency market of just shy of $600 billion. Now, that combined market cap ranks at $643 billion, however Bitcoin’s price has remained near $14,000 per coin as the rest of the market has grown in its stead. Bitcoin’s dominance factor has slipped to under 36%, down from nearly 88% one year ago.
Read more: https://www.dashforcenews.com/bitcoin-dominance-hits-record-low-ecosystem-diversified-ever/