Bitcoin has 54% of the cryptocurrency market

[Vickyrichy]

I'm not surprised bitcoin makes about 54% of the cryptocurrency market. People got to know about cryptocurrencies through bitcoin and bitcoin also have the highest market cap and volume in the crypto market...

[1715430232]

1715430232

[SUDARMONO]

it's true and I also still strongly believe that bitcoin is still very strong and strongest, and I think bitcoin prices and also altcoins will soon recover.

[alimatmo2019]

Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. In the first quarter (Q1), most major digital currencies took a beating. The world's largest cryptocurrency, lost half its value in Q1. Nevertheless, bitcoin still did better than most altcoins.

[September11]

For those of you that think that Bitcoin is going down this article proves that it's still the strongest in the cryptocurrency world. Not since December 2017 has Bitcoin been such a dominant part of cryptocurrency.

Full article here: https://bitcoinist.com/cryptocurrency-market-54-bitcoin/

This is a very interesting subject - will the dominance grow further or did it already reach the top of its descending channel? Because the long term trend of BTC dominance is down...

[Phlaser]

For those of you that think that Bitcoin is going down this article proves that it's still the strongest in the cryptocurrency world. Not since December 2017 has Bitcoin been such a dominant part of cryptocurrency.

Full article here: https://bitcoinist.com/cryptocurrency-market-54-bitcoin/

This confirms Bitcoin sovereignty in the cryptomarket. Bitcoin holds the key to all altcoins and invariable without Bitcoin may implies the end of altcoins as well. Bitcoin is the first of its kind but Bitcoin dominance will only lead to doom of altcoins.

[Indrawan77]

Its normal to see bitcoin dominance getting more stronger, all investors eventually will be back to bitcoin, the reason is because bitcoin got a real implementation, while alt coin just the place to look for profit and bitcoin also the most stable crypto for investment, and bitcoin not going down, but the december 2017 hype is too big, so actually now we are still in a good price

[Thecryptocurrency09]

For those of you that think that Bitcoin is going down this article proves that it's still the strongest in the cryptocurrency world. Not since December 2017 has Bitcoin been such a dominant part of cryptocurrency.

Full article here: https://bitcoinist.com/cryptocurrency-market-54-bitcoin/

About fifty dour perfect from the cryptocurrency world is not a bad thing. Knowing that this almost a half portion is not a small thing to bit in the name pf cryptocurrency or in digial world. It is where people choose to use and patronise. In the other not so half, altcoins are still sharing this forty six percent of it.

[dimastegar]

The bearish market makes Altcoins lose a lot of prices that make Bitcoin increasingly dominate. And this is truly unique because even though Bitcoin is only its own, it can surpass the domination of thousands of Altcoins.

[Shiro21]

It is undeniable that BTC is the oldest and biggest coin from the beginning to the present. nothing can be bigger than this coin. The sudden increase in the Bitcoin dominance index which coincides with a surge in Tether volumes has shown that investors are becoming reluctant to take high-risk and high-return trading, largely due to a lack of confidence in the market's short-term trends.
I think this is a good thing.

[MiukoOk]

To this day, on 20/8/2018 Bitcoin price (20/8) recorded at 10h50 this morning is 6,513 USD, up 1.85% compared to 24 hours ago. Current market capitalization of bitcoin is $ 112 billion, accounting for 51.5% of the digital money market.
On the market, 94/100 coin led by market capitalization increased in the past 24 hours, covered a blue color to the market.
It can be seen that BTC still holds the 1st place in the race to the future destination

[tokenjob]

To be honest, Bitcoin dominance shows nothing more than the market cap of recent times and that can also be faked by due to the equation of market capitalization. However, the sign is good for the BTC holders nonetheless. But, it also means that the Altcoins are seeing great slump right now due to people moving from ALTs to BTC in current market.

[Meraki]

For those of you that think that Bitcoin is going down this article proves that it's still the strongest in the cryptocurrency world. Not since December 2017 has Bitcoin been such a dominant part of cryptocurrency.

Full article here: https://bitcoinist.com/cryptocurrency-market-54-bitcoin/

54% bitcoin dominance to other cryptocurrency can still be called huge. Even though it drops significantly we still cant deny the fact that 54% is still a large number for cryptocurrency, and i think that bitcoin dominance will not go below 50% that is for sure especially eth right now is decline to the point it is hard for it to reach 300usd.

-snip-
Bitcoin is now replacing weak altcoins and many investors are transferring their assets to bitcoin.
-/-

Nah, technically if the bitcoin dominance is getting low it means many people transferred in Alts, also it means that bitcoin's price is getting low while the others is getting high. If the price of bitcoin will pump then bitcoin dominance will also increase, and vice versa.

[xuzukami]

In the past few months, we have seen a decline in the crypto market. However, only two days ago, the market has gradually stabilized. Market capitalization of BTC still leads with over 51%. With these figures we still believe that the king of the Crypto market named BTC still dominates on its throne. However, to be able to achieve its purpose, the BTC must continue to regain the style, the confidence of investors.

[killat]

This percent is quite normal for a bearish market. When market will become bullish it might decrease to less then 40% as it was in 2017.

In bearish periods it's better to keep your funds in BTC as price will drop less than most altcoins. In a bullish market you can bet on some altcoins with strong projects behind (eventually not being already pumped).

For now market is still bearish, so Btc looks more safe.

[budi691]

I have thought about that before reading this article, bitcoin is like the god of digital currency in the cryptocurrency world. this proves bitcoin is the main actor 

[Airbuxf]

That's mainly why all other altcoins always follow bitcoins price movement, Bitcoins price is an indicator of the money going in and out of the whole crypto market.

[svetochka.yakovleva.93]

now a lot of investors are worried about their money, so they started to pour their capitals into a stable crypto coin! Today, in capitalization, bitcoin has no equal! but soon, when the market turns around, people will start pouring their money into other crypto coins! which can yield more percentages of profits!

[Micerker]

Bitcoin used to account for 70% of the Cryptocurrency market. This shows that Bitcoin can influence and determine the market's tendency, thanks to the percentage of it acquired in crypto. Bitcoin is becoming increasingly significant and its influence on Crypto is increasing, so everything depends on it.

[grandepl]

Anyone saying it's a good thing that the btc market's volume increase. even rumors began that the bull rider would start. but I do not think there has been enough increase for the bull run yet.

[betty12]

So much trust on the bitcoin network despite been a coin with an anonymous creator. With all the the many die/dying panic baout it, many still find it the surest. Bitcoin the nightmare of Bankers.