Bitcoin (BTC) Crypto Market Cap Dominance Hits 51%, Highest in 2018

2018-8-12 23:11

For the first time since December 19th 2017, the market dominance of Bitcoin has crossed 50%.

Since the early weeks in May, Bitcoin has begun to control a more significant share of the cryptocurrency market. This control is measured based on the percentage of BTC’s market capitalization to the total market cap of the over 1,600 virtual coins in existence.

After peaking at 45 percent in late March, the Bitcoin market dominance slipped to 36 percent in the first week of May. Since then, BTC’s market share has consistently climbed upwards.

The above chart shows bitcoin's dominance rate has been on a steady incline over the past few months, currently representing a 14 percent increase from May 1st. In the same time period the market dominance of all other cryptocurrencies have largely been on the decline.

Bitcoin's "market dominance" (which is a silly & easily manipulable metric) is going back up because Bitcoin is the worst cryptocurrency except for all the others.

— Jameson Lopp (@lopp) August 11, 2018

One major contributing factor to BTC regaining a significant market share is based on the struggles of the altcoin market. 2018 began with the devastating Coincheck hack which resulted in the theft of half a billion dollars’ worth of NEM tokens. Notable altcoins like Ethereum, XRP, and Bitcoin Cash have also suffered stagnation in 2018.

It can clearly be seen that Bitcoin’s highest market dominance in over a year has been close to 70% when Bitcoin along with most cryptocurrencies were on the biggest bull run the crypto market has seen.

However, the correlation between market dominance and coin price has been ambiguous and speculative at best. CNBC pointed out that bitcoin’s current dominance percent is similar to that of 2017, just before BTC reached its all-time high of about USD$19,780.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 61434.04 (-0.19%)
Объем 24H $27.877b
Изменеия 24h: -2.17 %, 7d: -1.84 %
Cегодня L: $61392.69 - H: $61699.33
Капитализация $1210.15b Rank 1
Цена в час новости $ 6417.79 (857.25%)

market bitcoin btc control cap dominance cryptocurrency

Источник: bitcoinexchangeguide.com

market bitcoin → Результатов: 126


Bitcoin’s (BTC) Bullish Patterns Emerge: Is a Market Super Cycle on the Horizon? Pay Attention to These Metrics

Bitcoin’s trading pattern lately reveals a consistent sideways movement, with fluctuations between $60,000 and $72,000. This trend, as highlighted by top cryptocurrency analyst Doctor Profit via a tweet on X, mirrors historical market behaviors that have typically preceded significant price increases.

2024-4-29 09:30


Ethena’s (ENA) Crucial Role In Bitcoin Bull Market: Expert Identifies Critical Factors For Sustainable Growth

The recent volatility in the Bitcoin (BTC) price and its struggle to consolidate above the $70,000 mark has raised questions about the sustainability of its ongoing bull run. However, market expert Charles Edwards, co-founder of Capriole Invest, believes that the decentralized finance (DeFi) protocol Ethena Labs (ENA) could significantly extend and boost Bitcoin’s bull market to new heights.

2024-4-10 03:00


Фото:

Option2Trade Remain Market Favorites With Ether As Bitcoin Reaches All-Time Highs

As Bitcoin (BTC) reaches all-time highs, setting the stage for further market growth, Ethereum (ETH) and Option2Trade (O2T) continue to shine as market favourites. Their sustained popularity amidst Bitcoin’s (BTC) milestone achievements highlights the multifaceted nature of the cryptocurrency market, where diversity, innovation, and community involvement are just as crucial for success. Ethereum’s (ETH) role […]

2024-3-13 19:33


Фото:

Bitcoin consolidating above $62k as bull market indicators start flashing

The crypto market has entered March with its foot firmly on the accelerator despite showing signs of a slight slowdown from its recent rapid ascent. Bitcoin (BTC) has continued to hover around the $62,000 mark, showcasing a resilient stance amid varying market sentiments after its remarkable rally past the $60,000 threshold to a high of […] The post Bitcoin consolidating above $62k as bull market indicators start flashing appeared first on CryptoSlate.

2024-3-3 18:32


Фото:

Bitcoin already in fifth bull market, to reach $125,000 by December 2024 – Matrixport

Bitcoin’s (BTC) price is expected to rally to as high as $125,000 by the end of 2024, crypto services provider Matrixport said in an Oct. 26 note shared with CryptoSlate. This prediction is based on the institution’s belief that the market has entered the fifth phase of Bitcoin’s bull market, primarily driven by “the expectations of […] The post Bitcoin already in fifth bull market, to reach $125,000 by December 2024 – Matrixport appeared first on CryptoSlate.

2023-10-26 15:10


Bitcoin Dominance Returns Above 50% As Altcoins Encounter Resistance

With a market valuation of almost $520 billion and a current price of $26,690, Bitcoin has reclaimed the limelight. It now accounts for more than half of the entire cryptocurrency market. This turning point is important because it occurs at a time when many alternative cryptocurrencies are stagnating or declining. It’s worth noting, though, that […]

2023-9-19 10:30


Фото:

Bitcoin Price Supported By Thin $40 Million Bid Pool, But For How Long?

In the ongoing market turbulence on higher timeframes, Bitcoin (BTC) is at a crucial juncture as a great consolidation phase persists. Research and analysis firm Material Indicators closely monitored the recent weekly candle close/open, paying particular attention to two key factors: the trend line and the 21-day, 21-week, and 21-month moving averages (MA) – all of which are currently influential in shaping market dynamics.

2023-8-15 02:00


Bitcoin Cash price moved to a bear market: Buy the dip?

Bitcoin Cash price has moved to a bear market after falling by 22%. The coin has more short-term downside as it moves from the overbought zone. Some investors believe this is a good time to dollar cost average (DCA) Bitcoin Cash price has moved into a bear market as investors start taking profits after the […] The post Bitcoin Cash price moved to a bear market: Buy the dip? appeared first on CoinJournal.

2023-7-6 19:08


Bitcoin dominance surging amid changing market dynamics and regulatory crackdown

Key Takeaways Bitcoin dominance measures the ratio of the Bitcoin market cap to the cumulative cryptocurrency sector market cap It is currently at 58%, the highest mark since April 2021 Market dynamics are changing as institutions consider Bitcoin, while rest of crypto market still struggles amid tight monetary policy environment Regulatory clampdown has also declared […] The post Bitcoin dominance surging amid changing market dynamics and regulatory crackdown appeared first on CoinJournal.

2023-7-1 17:37


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum price prediction: Is $2500 the next bearish target for ETH?

Ethereum showed a bearish market structure and could be headed for $2.5k. The OBV slipped below a key level as selling pressure increased. Ethereum [ETH] was in a bearish trend on the daily The post Ethereum price prediction: Is $2500 the next bearish target for ETH? appeared first on AMBCrypto.

What Chainlink's rising development activity means for LINK

Development activity on Chainlink increased materially in the last few days. Price of LINK continued to fall as network growth declined. Chainlink [LINK] has been one of the most prominent iThe post What Chainlink's rising development activity means for LINK appeared first on AMBCrypto.

Ethereum headed to 'the grave' if SEC rejects ETH ETFs, say analysts

ETH faces immense odds as the ETF deadline approaches  Analysts predict BTC or SOL as potential beneficiaries of ETH woes  Ethereum [ETH] could face a bumpy ride and even a massive bloodbaThe post Ethereum headed to 'the grave' if SEC rejects ETH ETFs, say analysts appeared first on AMBCrypto.

Bitcoin dominance tops 50% amidst market volatility: What's next?

BTC remained the most dominant asset despite recent declines. BTC rose above the $61,000 price range. Bitcoin [BTC] prices have been fluctuating, moving in and out of the red zone, highlightThe post Bitcoin dominance tops 50% amidst market volatility: What's next? appeared first on AMBCrypto.

XRP price prediction: This group should wait for a 10% drop before buying

XRP has a strong support zone just below the current market prices. A drop below $0.5 remains likely based on the findings from the technical indicators. Ripple [XRP] has traded in a range fThe post XRP price prediction: This group should wait for a 10% drop before buying appeared first on AMBCrypto.