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BTC dominates with more than 50% share, despite the bearish market

11 Aug, 2018
by Fifi Arisandi
News
BTC dominates with more than 50% share, despite the bearish market

Bitcoin hits the highest market share since December 19th, with more than 50% share of the entire crypto market capitalization. 

Despite the price plunge, Bitcoin could be still the "most-wanted" cryptocurrency in the market thus far. According to Coindesk's report, Coinmarketcap showed Bitcoin's share of 50% of the total cryptocurrency market cap. 

As of reporting time, Bitcoin's share is $105,930,091,931 out of $211,095,274,107 crypto market size, which is about 50.2% market share. This is said to be the highest market share since December 19th, 2017, when BTC's price was around $17,600.

Chart-wise, BTC showed a steady incline in the past few months, with a significant increase of 14% since May 1st, during which the market cap of other cryptocurrencies declined. 

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