Top 4 Reasons why a Rising Bitcoin Dominance Index is Promising

THeMerkle South korea Supreme Court Bitcoin AssetIn the cryptocurrency world, there are numerous interesting statistics which should never be overlooked. The Bitcoin Dominance Index, while not necessarily a market trend indicator, has quite a lot of merit to it. There is no denying Bitcoin will remain the world’s leading cryptocurrency for some time to come, as it is valued significantly higher compared to other markets. Determining the Strength of Bitcoin’s Value As the name somewhat suggests, the Bitcoin Dominance Index depicts how highly valued Bitcoin is compared to all other markets combined. Given that there are thousands of different markets, it is uncanny how Bitcoin is

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Ethereum Over $1000 and $100B Market Cap, BTC Dominance at 32% Record Low

Ethereum Over $1000 and $100B Market Cap, BTC Dominance at 32% Record LowThis day might be remembered in the history books as a major milestone for cryptocurrency diversification or as another colossal indicator of the altcoin bubble. There are now three cryptocurrencies with over a $100 billion market cap each. Bitcoin, ethereum (ETH) and ripple (XRP) are worth today a combined total of about half a trillion […]

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After Ripple’s Rise BTC Dominance Falls Below 40%

After Ripple’s Rise BTC Dominance Falls Below 40%Despite being one of the most amazing periods of sustained gains for bitcoin, 2017 ends with the first cryptocurrency losing market share to altcoins. After falling as low as 37.9% in the last two days of 2017, the market dominance of bitcoin now stands at just 38.2% as of this writing on the first day […]

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