Bitcoin dominance back to 2019 levels as institutions fill their bags

HoofdpuntenNieuwsBitcoin dominance back to 2019 levels as institutions fill their bags

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Bitcoin dominance back to 2019 levels as institutions fill their bags

CryptoSlate4 months ago
Gepubliceerd op December 24, 2020 06:00 GMT+0bijgewerkt op December 24, 2020 06:08 GMT+0

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The world’s pioneer cryptocurrency has bounced back to glory after the DeFi summer stole much of the limelight.

Bitcoin’s dominance rises to 68%

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), …