Bitcoin News
By Dan Saada
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The entire cryptocurrency market are talking about Bitcoin, Ethereum and Dogecoin. The price of Ethereum going up like crazy has triggered a lot of discussion among…
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When it comes to investing in the cryptocurrency market it used to be Bitcoin the first thing in the thought.
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Bitcoin dominance went down by 50% for the first time since August 2018. What it means to have Bitcoin Dominance fall?
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For clarity for those who are new, the cryptocurrency market cap is at 2.07 trillion – out of that how much of that does BTC market cap cover for.
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However, for so long in terms of dominance BTC was No 1. However, we are not able to see that the BTC dominance is dropping and it is becoming lower and lower.
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This market cycle is different now because there has been a Coinbase IPO, institutional investors entering in, there are banks who are becoming bullish on Bitcoin now.
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Before when there was Bitcoin dominance there was no Altcoin seasons. Even during the beginning of 2017, BTC dominance was at 90%
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After 2017, Ethereum happened, ICOs happened, and there was a march of Cardano, TRON, NEO, Chainlink and all of these began getting very, very high and this meant that the BTC…
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Some of them state that BTC dominance falling probably means a bunch of Alts are overheated and this can mean that the alt-crash is coming.
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