Bitcoin, Crypto currency, Blockchain

Bitcoin dominance rises again to over 50 percent

74d717dcc2059e0e23143aaecb83325a - Bitcoin dominance rises again to over 50 percent


The Bitcoin domination, the key currencies, the value for the share of the Bitcoin, the total market capitalization of Crypto, is back at 50 percent. In view of the fall of the last days of Bitcoin, is becoming relatively of weight. The last Time the Bitcoin in December 2017, had a high share of the crypto market.

Over the years, the concept of Bitcoin is sort of a synonym for crypto-currencies. Although the first Altcoins came to the first establishment of the Bitcoin relative to the market quickly (such as Litecoin), its market capitalization was compared with that of Bitcoin, however, is negligible. The Bitcoin made until the end of the year 2013 consistently more than 90 per cent of the total market capitalization, until the middle of 2016, this share fell for the first time is below 75 percent.

Really, the Bitcoin dominance was challenged with the rise of Ethereums in the first half of the year 2017. Between April and June, the Bitcoin dominance of 70 fell 37 percent – a historic crash. In the same period, the proportion Ethereums rose to the entire market capitalization of 14 to 33 percent. Observers and analysts have already seen an upcoming Flippening coming – it did not, however.

The Bitcoin always comes back

Instead, it could settle the Bitcoin in the second half of the year, and in the meantime to more than 60 percent increase. The Bitcoin benefited from its role as a driving force of the entire crypto-Economy. But by the end of December, the rest of the market caught up. Thus, a large part of the total market capitalization on Altcoins, BTC-domination back in the ‘ 30s-Zone slide is distributed.

So, as before, of all the Altcoins at the beginning of the year from the bull market benefited, so you are now suffering under the continuing price fall. While XRP, Litecoin, IOTA & co. however, in series the low for the year, as the industry leader still pretty neat. So the Bitcoin dominance in the face of the lowest market capitalization in the year (to US $ 207 billion) is screwed, on the last weekend for the first time in 2018 to more than 50 percent of the market share.

A rise in the Bitcoin-dominance does not necessarily mean a rise in the Bitcoin price. Rather, Bitcoin is currently the Cryptocurrency that loses in comparison to the other Coins in the least. Meanwhile, the rising Bitcoin says dominance behaviour about the Trading in a bear market: prices Fall, people look for safe havens instead of risky Investments. Since most of the Exchanges Bitcoin/Altcoin to offer trading pairs, is made available to the investors of the step lightly.

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