Bitcoin (BTC) now makes up 50 % of all of the cryptocurrency marketplace capitalization.
Shortly previous 03:00 UTC on August 11, CoinMarketCap’s bitcoin dominance fee – a hallmark that tracks the % of the whole cryptocurrency marketplace capitalization contributed via the main cryptocurrency – reached 50 % for the primary time since December 19th, 2017.
At press time, bitcoin’s marketplace capitalization now information $105,785,552,545, which is set $901 million greater than the marketplace capitalization of each different cryptocurrency blended.
The above chart presentations bitcoin’s dominance fee has been on a gentle incline over the last few months, lately representing a 14 % build up from May 1st. In the similar time frame the marketplace dominance of all different cryptocurrencies have in large part been at the decline.
Conditions have been a lot other the remaining time bitcoin’s marketplace dominance used to be above 50 %.
On Dec. 19th, the common worth of BTC used to be $17,605.81 throughout exchanges – an 65 % upper worth than the cryptocurrency’s price as of late, in step with the CoinDesk Bitcoin Price Index.
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