Bitcoin Dominance Rate Crosses 50% For The First Time in 2018

Bitcoin (BTC) now credits for more than 50 percent of the entire cryptocurrency market capitalization.

bitcoin Bitcoin Dominance Rate Crosses 50% For The First Time in 2018 Screenshot 2018 08 12 07
Bitcoin’s Market Overview

CoinMarketCap’s bitcoin dominance rate – an indicator that tracks the percent of the total cryptocurrency market capitalization contributed by the leading cryptocurrency – reached 50 percent for the first time since December 19th, 2017.

At press time, bitcoin’s market capitalization now records $108,340,935,612 which is about $901 million more than the market capitalization of every other cryptocurrency combined.

On Dec. 19th, the average price of BTC was $17,605.81 across exchanges – an 65 percent higher price than the cryptocurrency’s value today.

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