Bitcoin has always dominated the cryptocurrency market. But for the first time since December 2017—when Bitcoin was valued at $20k per coin—Bitcoin dominance is nearing 70%. It’s a significant indicator of the current sentiment surrounding the world’s largest digital asset.
It also leaves a sizeable question mark over the future of the hundreds of altcoins that comprise this market.
Bitcoin Dominance Rating
Comparatively, at its lowest in January 2018, after Bitcoin price plunged from its …