Bitcoin market share is at the level it was just after it hit its near-$20,000 record high

08.08.2018 / 00:49

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Bitcoin's share of the entire cryptocurrency market is at its highest level this year and near where it was when the digital coin hit its highest price level in history.

The dominance of bitcoin — which is the percentage its market capitalization contributes to the entire value of the cryptocurrency market — stood at 47.6 percent on Tuesday, according to data from Coinmarketcap.com, a website that tracks such data

This is the highest level since December 20, 2017, just days after bitcoin hit its record high of $19,783.21 on December 17. Bitcoin's dominance has recovered since it hit its lowest level in January but the price, which was at just over $7,000 on Tuesday, is a way off the December all-time high.

Source: CNBC

Trader Aleksandar Kumanov

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Bitcoin market share is at the level it was just after it hit its near-$20,000 record high

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