Bitcoin 

Bitcoin’s Dominance Drops as BTC Price Briefly Dips Below $10K

Saturday, Sept. 21 — crypto markets continued to trade sideways, with the majority of the top 20 coins by market cap seeing losses at press time. Market visualization. Source: Coin360 Bitcoin dominance continues to slip After briefly dipping below $10,000 threshold, Bitcoin (BTC) has broken back above $10,000 to trade at $10,041 at press time. The major cryptocurrency is down 1.1% over the past 24 hours, also seeing a nearly 3% loss over the past 7 days at press time. Bitcoin’s dominance on the market has continued to drop, down…

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Bitcoin 

Bitcoin Dominance ‘Reverting to Mean’ of 90%, Says Blockstream CEO

Bitcoin (BTC) is reverting to its historical 90%+ market dominance at altcoins’ expense, one of the industry’s best-known figures has declared. Back: Bitcoin will hit 90% dominance again In a Twitter debate with Primitive Fund co-founder Dovey Wan on Sept. 9, Blockstream CEO Adam Back said altcoins’ previous supremacy was a temporary feature of the cryptocurrency space.  Wan had queried whether Bitcoin would continue making market cap gains, and if these would become a permanent new status quo.  As Cointelegraph reported, Bitcoin’s share of the overall crypto market cap now…

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Bitcoin 

Bitcoin Dominance Hits 70% as Keiser Warns Altcoins ‘Not Coming Back’

Bitcoin (BTC) now has the highest share of the overall cryptocurrency market since before its record-breaking $20,000 bull run in 2017.  According to data from major monitoring resource CoinMarketCap, Bitcoin now accounts for 70.5% of the total cryptocurrency market cap as of Sept. 3.  Bitcoin market cap hits pre-$20K high That figure has not been seen since March 2017, and comes as BTC/USD makes gains at altcoins’ expense.  As Cointelegraph reported, continued underperformance in cryptocurrencies other than Bitcoin has triggered warnings from traders and analysts alike.  Among them are Peter…

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Bitcoin 

Bitcoin Dominance Is Actually Above 90%, New Research Suggests

Bitcoin’s true share of the total market capitalization for all cryptocurrencies could be as high as above 90%, Forbes reported on Aug. 22. While mainstream crypto data aggregators have been pointing to a dominance level of around 70%, analysts at Arcane Research have calculated that the real level may be much higher. Liquidity must be taken into account Arcane Research has argued that to get a more accurate measure of Bitcoin’s dominance, liquidity should be factored into the equation. They write:  “One might be able to sell one token for…

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Bitcoin 

Max Keiser Predicts Bitcoin Dominance, Death of Altcoins and Hard Forks

Bitcoin maximalist and former Wall Street trader Max Keiser has recently claimed that Bitcoin (BTC) dominance is heading to 80% and that altcoins are dying, further urging the public to rotate out of other crypto assets and into BTC. Keiser announced his latest views in a Twitter post on Aug. 6: “#Bitcoin dominance 68.2% — heading to 80% — as alts die in favor of BTC. The 2014-2017 era of alts and hard forks is dead. Don’t be the last to rotate out of alts into BTC.” According to data…

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Bitcoin 

Bitcoin Price Reclaims $12k as Dominance Highest Since April 2017

Bitcoin (BTC) price has retaken $12,000 in a final push following several days of intense upwards price action. Bitcoin 7-day price chart. Source: Coin360 Bitcoin bulls reverse multi-week downturn Data from Coin360 showed BTC/USD hitting $12,142 on Aug. 6, bringing its weekly gains to over 25%.  The pair is now trading at its highest since July 11, and comes amid continuing tensions in the trade war which began between China and the United States.  Combined with unrest in Hong Kong and the U.S. designating China a currency manipulator this week,…

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Bitcoin 

Bitcoin Price Blasts Past $11,700, Dominance Nears 70% on China Turmoil

Bitcoin (BTC) price began highly bullish Monday after an abrupt turnaround of its previous bear market saw it gain $1,200 this over the weekend. Market visualization. Source: Coin360 Politics dictates Bitcoin price gains Data from Coin360 showed the extent of Bitcoin’s change of fortunes, which have so far culminated in a local high of $11,635. The upward trajectory strongly contrasts with action seen last week, BTC price only finding resistance at $9,000 after a weekend of sharp price drops. Bitcoin 7-day price chart. Source: Coin360 Unsurprisingly, traders were buoyant, shaking…

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Cryptocurrency 

Bitcoin Dominance Growing — What It Could Mean for Altcoins

Bitcoin (BTC) has more than tripled in 2019, moving from under $4,000 at the start of the year and then topping out at a little under $14,000 in June. In the earlier part of 2019, altcoins seemed to be performing strongly, with many calling the trend “altseason.” However, since Bitcoin began its 2019 charge starting with the “April Fool’s day rally,” most altcoins seem to be slipping when compared to the top-ranked cryptocurrency. There is now a growing debate about whether the altcoin market will experience the same massive price…

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Ethereum 

Bitcoin Market Dominance Climbs to Over 60%

Bitcoin’s (BTC) parabolic advance over $12,000 has taken its market dominance above 60% for the first time since April 2017, data from CoinMarketCap confirmed on June 26. Following its rapid appreciation in recent days, the bitcoin price reached levels not seen since immediately after the end of its 2017 bull run. The successes have come at the expense of altcoins, which have so far failed to produce similar performance. As a result, BTC dominance of the overall cryptocurrency market cap is now 62% – more than at any time in…

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