Bitcoin dominance hits 43%, alts surging ahead

[gentlemand]

Eth and BTC are really all that deserve any attention, Bitcoin is golden and eth has its smart contracts and willingness to adapt. Bsv,bch are bullshit propped up to try and stay relevant. Ripple is dead especially when Libra eats in centralized lunch.

I agree with you.  today many investors prioritize BTC and ETH.  investors don't expect small altcoins.  so altcoin fluctuations are very bad.  I see that the BTC market is not like 2017. BTC creates a bullish but bullish BTC does not have a good influence on other altcoins.

I don't believe Libra will ever arrive in the form they want it to, but if it did I think it may well shit all over ETH's ideas as well.

No doubt Libra contracts will be more secure and easier to create than the ETH equivalent. What of decentralisation I hear you cry? Um, no one cares.

Of course Libra won't make you dollars which is the only reason 99.5% of people are here and that's why alts will limp on no matter what state they wind up in.

[1714577870]

1714577870

[1714577870]

1714577870

[1714577870]

1714577870

[1714577870]

1714577870

[1714577870]

1714577870

[Indrawan77]

If the investors already realise that most of the alt coin is not reliable then it will be good for bitcoin, the dominance of bitcoin shows that investors already back to invest, and usually this situation will continue to increase the dominance, btc and eth are the best coin fo invest, other coins are only can be used for short term trading

[marcbitcoins]

Just imagine that if you bought some Bitcoin 3 months ago for only $3,200 then you will realized your sudden earnings of up to more than 200% of today therefore expect Bitcoin will earn more huge dominance in the coming days if some Altcoins holders will continue to preferred to sell their assets for Bitcoin.

[pooya87]

when you look at a fake number, all your conclusions are going to also be fake.

"dominance" that coinmnarketcap.com reports is completely fake because the number they are calculating has nothing to do with actual "dominance". it is simply a ration of bitcoin's market cap against total of 3000 altcoin market cap.
when things are calm these shitcoins get pumped and have their market cap increased and decrease that percentage. but when bitcoin is rising, all these shitcoins get dumped so their market caps go down hence that number goes up.
additionally when bitcoin has risen for some time there is a lot of newbies in the market then a ton of new shitcoins are  created with massive market caps which then decrease that percentage!

then you look at that fake number and think bitcoin dominance is changing!!!

[Sithara007]

Just imagine that if you bought some Bitcoin 3 months ago for only $3,200 then you will realized your sudden earnings of up to more than 200% of today therefore expect Bitcoin will earn more huge dominance in the coming days if some Altcoins holders will continue to preferred to sell their assets for Bitcoin.

Actually the prices have increase by 300%. 3 months back, the exchange rate was somewhere around $3,000 per coin. The last time I checked on Bitstamp, it was in the range of $12,000-12,100 per coin. I expect the bull rally to continue until we reach 20K or 25K. And as per my understanding the OP posted this less than 24 hours back, when the dominance was 60%. Now it stands at 61%. That is 1% increase in less than 24 hours. Some of the alts like BNB and XLM have gone down against the USD, when BTC is showing a 24 hour change of +9%.

[dmty.0809]

I am one of them, the more the price of bitcoin rises higher the more anxious I will see the altcoin price falling. Will the altcoin mean nothing when bitcoin reaches $ 100000?

[ttcsalam]

Normally speaking, ETH and BTC are in a golden coins. Even when there is no comparison with btc, but after that, ETH  at the next position of a BTC. As soon as the BTC is growing up, all hopeful plaintiffs will be able to increase the alternate coins.

[Ris88]

I am one of them, the more the price of bitcoin rises higher the more anxious I will see the altcoin price falling. Will the altcoin mean nothing when bitcoin reaches $ 100000?

It is like that but it is different from what happened in 2017, indeed, the lack of stability at prices in 2017 has made many people take such assumptions, but in fact this year all altcoins are still holding back on rising, at least there have been changes in the year what will come is that all altcoins will balance prices in all markets, even though there are delays in altcoin prices this year, at least you have been out of your inconvenience zone in 2018 yesterday ...

[Vishnu.Reang]

The market dominance has risen to 61.2% now. It was as high as 62.2% a few hours back, but then some of the alts staged a fightback (especially Ethereum and Bitcoin Cash). Until two weeks back, ETH was trading above BTC0.03, but it has fallen to around BTC0.027. The volumes are very strong, but there seems to be an over-supply in the market.

[BlackFor3st]

Your information is very useful especially to those people who wants additional knowledge about the happenings right now especially in bitcoins and alts.

I've been holding and following the price of the two coins that I hold especially the bitcoin and Eth but what I notice to both of them are their price increase from their bottom price is almost the same. Though the ethereum is very dependent to bitcoin but it's price increase is somewhat the same with bitcoin. Bottom price of eth last time is below 90$ and bitcoin bottom price is 3000$. You will notice it if you are going to compare them to their current price right now.

[franciscoDC]

It was good for holders or investors of btc but, as you said from the other it is not but im sure they will find out it and understand,most of the altcoins was following to the price of bitcoin so if the price of bitcoin will go up im so much pretty sure it they will follow too.

[eaLiTy]

With the way the market is moving, we might cross the all time high valuation once again before the halving and if they continue to rise like this we might touch the all time valuation in a few weeks time, the biggest question i have is that, how the market will react after that, will we see a correction or it will stagnate for a while till the halving and then the steam starts again, i am still not sure why the market is moving in a frenzy in the past few weeks breaking all resistance, either way it is good to see the market recover like this after a huge bear run.

[Vishnu.Reang]

Your information is very useful especially to those people who wants additional knowledge about the happenings right now especially in bitcoins and alts.

I've been holding and following the price of the two coins that I hold especially the bitcoin and Eth but what I notice to both of them are their price increase from their bottom price is almost the same. Though the ethereum is very dependent to bitcoin but it's price increase is somewhat the same with bitcoin. Bottom price of eth last time is below 90$ and bitcoin bottom price is 3000$. You will notice it if you are going to compare them to their current price right now.

Be careful if you want to invest in Ethereum. Although I consider Ethereum as the most popular altcoin (both in terms of market cap and popularity), recently this coin has shown a few weaknesses. First of all, the ICO market is down with no immediate prospect of a recovery. This has pulled down ETH by a considerable amount. And secondly the safety of ETH holdings are under review, especially after the Cryptopia hack. Some of the analysts are saying that the ETH platform is more susceptible to hacking when compared to the other alts.

[malevolent]

The ICO pump and dump craze for useless projects is over as the supply of gullible people is diminishing it's less likely that we'll be seeing altcoins and tokens pump as much as in 2017.

There's a possibility some money will move into altcoins if there's a serious correction in BTC price like it used to happen in the past, but I'm not so sure about that now.

[blueteam09]

Bitcoin accounts for 75% - 80% of the total market volume. Growth is growing. It is pushing all Altcoin behind. Bitcoin becomes so fast that many Altcoin investors suffer when all Altcoins are negatively affected by it. We need to limit the rise of Bitcoin because it generates that it will create a domino effect.

[poodle63]

Bitcoin accounts for 75% - 80% of the total market volume. Growth is growing. It is pushing all Altcoin behind. Bitcoin becomes so fast that many Altcoin investors suffer when all Altcoins are negatively affected by it. We need to limit the rise of Bitcoin because it generates that it will create a domino effect.

There's no use of limiting bitcoin's potential since only those alts that deemed not worthy enough that suffer from massive dumpings while the rest are fine.
Even it's such a difficult task to limit the rise of bitcoin because it will take up so much resources so that's actually just a dream.

[spacehopper]

bad news for ALTs. Bitcoin is ruling the market.All are up to bitcoin not ALTs. They choice is correct.Why hanging up with ALTs,when the trend is bitcoin.Moving with the trend is always good for traders.Most of ALTs are all time low.Cross the support lines too.But it is not to time for buy.I think its go more further.May be next month will good for ALTs. After bitcoin will go more further time will come for ALTs. Until that lets hang with bitcoin and earn some money.

[bouren]

According to the Coinmarketcap website, Bitcoin dominance has breached the 60% level and is now reported at 60.1%. Including the forked coins (BCH, BSV, BTG.etc), the total market cap for BTC+forks comes to slightly above 64%, while the altcoin market share has dipped below the 36% mark.

I am sure that a lot of users may be unhappy about this, but I am delighted as more than 90% of my crypto assets are in the form of BTC. I had sold most of my alt holdings in 2018.

I am not very sure about the reasons behind the rising BTC dominance. But I suspect that the users have become more matured now, and a lot of them have realized that investing in shitcoins is simply not worth all the risk.

Here is my outlook for the major cryptocurrencies:

1. BTC: The prices will continue to increase and a new ATH may be reached by the end of 2019 or by 2020. The dominance will continue to increase and may reach 70% by the end of this year. But one concern I have is regarding the transaction fee. It has risen by more than 10x since the start of the year. Another 10x increase would be catastrophic.

2. ETH: The exchange rates are still lagging behind the ATH. The poor health of the ICO market is probably pulling ETH down. The Cryptopia hack also played its part.

3. XRP: I would say that this one is the most worthless and unreliable altcoins among the top 10. Therefore I am not surprised by its falling market share.

4. BCH: Holding well as of now. In case the BTC transaction fee spikes again (like what we had during 2017 Dec), then this coin can rocket upwards.

5. LTC: One of the best performing alts. However I won't be surprised if a correction occurs post block reward halving.

6. EOS: I don't know much about this coin.

7. BNB: I would consider this coin as overpriced. A correction is due.

8. BSV: A lot will depend on the future actions of CSW. Very unpredictable coin.

9. USDT: Everything was going well for Tether until the scandal at Bitfinex was revealed to the public. Now a lot of the users don't consider this coin as a reliable stablecoin. In the near future it will be facing a lot of competition from the other stablecoins.

10. TRX: An overpriced shitcoin. I don't have anything good to say about this one.

One thing almost everyone in this crypto world doesn't know is that dominance is calcualated on the basis of market capitalization of every coin while the market capitalization is calculated using the simple formula of price x no. of coins in supply. Now the scam here is that whenever the price of any coin increases its market cap would automatically increase. So prices of all other coins as you know is stagnant or crashing while btc is growing this is the reason why dominance is increasing.

[Payme21]

I think a lot is yet to be seen as regards bitcoin and etherium as the future is really bright for both. Who says other altcoins won't join the party

[crypto@men]

Dear whales and representatives of the crypto community from the altcoins. Are you crazy!? You're going to bury the whole crypto market!!! Take action. Run bitcoin in flat for 2-3 months. Otherwise you will drop out of the market all cryptoendoliths !  Without them, the industry will be meaningless. You're killing all the altcoins!!! Bitcoin, no altcoins will die faster than a fly a day. Think about it.