Bitcoin dominance reaches 65%, highest since April 2017

10 Jul, 2019
by Alberto Arnaldo
News
Bitcoin dominance reaches 65%, highest since April 2017

The current raise in Bitcoin´s prices is being closely followed by another trend. Dominance, understood as the percentage of all crypto held in Bitcoin, is up once again and at writing time it has exceeded 65%.

Such heights in dominance remained unseen since early 2017, before the peak of the bull run which propelled Bitcoin to its highs for last year and was subsequently followed by a notorious altcoin season.

In the last months, the repeated calls for a repetition of the period of accelerated price increase of altcoins have seemingly had no effect whatsoever. Even though plenty of individual tokens have pumped, there are no signs pointing out towards a repetition anytime soon of the generalized escalation of prices that took place in the end of 2017.

In the last hours, plenty of members of the crypto Twitter community have been realizing of the milestone, and have voiced out their opinions about it.

Follow Chepicap now on Twitter, YouTubeTelegram and Facebook!

Bitcoin to hit $30K before next correction; TRON = ponzi scheme?!Subscribe to the Chepicap YouTube Channel for more videos!

Poll

Will Bitcoin dominance increase?

(49 votes)

Add a comment

Check out the latest news

You will be logged out and redirected to the homepage