Bitcoin Dominance Spikes To 2017 Levels

Bitcoin has reclaimed its throne – as if it had ever relinquished it – and dominance is nearly at the levels seen following the 2017 bull run:

Bitcoin dominance over crypto market spikes to 2017 levels

According to data shared by Messari researcher Ryan Watkins, Bitcoin is close to achieving the same market dominance that it reached following the 2017 bull run. Bitcoin’s ‘dominance rate’ essentially indicates Bitcoin’s current share of the total market cap for crypto. A high dominance rate demonstrates that investors find Bitcoin more attractive right now than all other crypto competitors combined. And traders are putting their money where their mouths are.

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Master Asked on April 30, 2020 in Bitcoin.
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