Bitcoin’s share of complete cryptocurrency market capitalisation is at its highest level in three months, presently standing at about 55.14 % in accordance with information from CoinMarketCap.
Bitcoin Dominance Surges amid Crypto Value Panic
The subsequent 4 excessive quantity cryptocurrencies so as of market quantity are XRP with 11.14 %, ethereum with eight.55 %, bitcoin money with 1.65 %, and litecoin with 1.33 %. The information confirms a frequently-observed sample the place crypto buyers whose holdings are taking a beating select to dump their altcoin holdings and retreat into the relative security of bitcoin.
The entire crypto market cap continues to hover round $110 billion, a determine that represents a greater than 86 % drop from the all-time excessive of $825 billion in January. Just a few days in the past, CCN reported that the bitcoin worth hit a brand new yearly low close to $three,200, and the market rout continues to…