Bitcoin Dominance Once Again Reaches New High For 2018

Bitcoin (BTC), the world’s most popular cryptocurrency, is shaping up to be a true winner in a bearish market. The BTC dominance rate is currently sitting at 56.2%

Mon, 10/09/2018 - 20:41

Bitcoin Dominance Once Again Reaches New High For 2018

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Bitcoin (BTC), the world’s most popular cryptocurrency, is shaping up to be a true winner in a bearish market. The BTC dominance rate is currently sitting at 56.2 percent, which is almost its 10-month high (last time its total market share was above 56 percent was on Dec. 13). It shows that during a major downtrend the king of crypto is significantly more stable than other altcoins.

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About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.