The world’s pioneer cryptocurrency has bounced back to glory after the DeFi summer stole much of the limelight.
As per data on tracking site CoinMarketCap, Bitcoin’s market share dominance is now at 66% after a long “DeFi summer” and a mini-alt season in October. These levels were last seen in 2019, and the years preceding 2017 before that. Bitcoin now makes up for 68% of the entire crypto market as a result, commanding a $433 billion market cap with a current circulating supply of over 18.5 million Bitcoin.
#Bitcoin dominance hitting yearly highs just now…at 69%
Last time we were 70%+ was March 2017
— Danny Scott (@CoinCornerDanny) December 23, 2020
The remaining market share is taken up with Ethereum (10%), Tether and XRP (3% each), …