Bitcoin bitcoin dominance soars to highest level since may thriving off xrp s collapse. Now bitcoin dominance fluctuates at around 70 which has not been observed since april 2017 shortly before the previous bull market began.
That all crypto influencers and channels told you to exit from altcoins but i single told you to enter.
Highest bitcoin dominance. An index measuring bitcoin dominance is now over 45 7 percent its highest since december 2017 when the price of btc reached its all time record high. Bitcoin s dominance has notched an eight month high of 68 2 percent according to crypto data site coinmarketcap. Bitcoin s market dominance reached 72 on january 2 marking a high that hasn t been achieved since march 2017.
I told you to enter in altcoins when dominance was 71 so now almost 6 dominance down. Bitcoin dominance chart update btc dominance now 64 58 as i predicted it will fall so finnaly target had been achieved. Bitcoin s dominance has reached an eight month high as institutions are absorbing its fresh supply.
The big daddy of all cryptocurrencies now has a slightly lower market share than at the beginning at the year when it was responsible for 68 98 percent of the cryptocurrency market on jan. Bitcoin has always had the largest market cap in the cryptocurrency industry but as icos boomed and ethereum came into the picture they ate into bitcoin s market share. In that sense the trader thinks it nonsense that bitcoin has the greatest dominance and most capitalization of the crypto market.
Therefore he believes that the innovations and technology of the decentralized protocols that make up the ethereum defi ecosystem will cause bitcoin s dominance to fall to 10 or 20. Bitcoin s dominance has notched an eight month high of 68 2 percent according to crypto data site coinmarketcap. Allen scott bitcoinister jul 23 2018 07 00.
Bitcoin s dominance is north of 70 the highest level shown since september 2019 according to tradingview data. This is the highest point it achieved in the past year and a half. Bitcoin dominance hits record high for 2018.
Hope you understand very well. In september 2019 bitcoin dominance index reached 70 42.