Bitcoin (BTC) now makes up 50 % of all the cryptocurrency marketplace capitalization.
In a while previous 03:00 UTC on August 11, CoinMarketCap’s bitcoin dominance fee – a trademark that tracks the % of the whole cryptocurrency marketplace capitalization contributed by means of the main cryptocurrency – reached 50 % for the primary time since December 19th, 2017.
At press time, bitcoin’s marketplace capitalization now data $105,785,552,545, which is ready $901 million greater than the marketplace capitalization of each different cryptocurrency mixed.
The above chart displays bitcoin’s dominance fee has been on a gradual incline during the last few months, these days representing a 14 % building up from Might 1st. In the similar time frame the marketplace dominance of all different cryptocurrencies have in large part been at the decline.
Stipulations have been a lot other the final time bitcoin’s marketplace dominance was once above 50 %.
On Dec. 19th, the typical worth of BTC was once $17,605.81 throughout exchanges – an 65 % upper worth than the cryptocurrency’s price these days, in step with the CoinDesk Bitcoin Value Index.
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