Bitcoin Loses Market Dominance For The First Time Since 2018
For the first time since 2018, crypto’s dominance in the crypto market is less than 50% after its main rival sets a new all-time high (ATH).
Currently at 49.52% at time of publication, this loss comes at a time when Ether, the native currency of the second largest crypto network Ethereum, hit a new ATH of $ 2,600 as reported by BTC Peers earlier in the report. day.
BTC peers. April 22, 2021. According to popular crypto analysis platform CoinGecko, the current market value of Bitcoin is $ 1.02 trillion against the total crypto market value of $ 2.13, with Ethereum accounting for around 14.61. % of market share.
While Bitcoin has started off impressively this year after registering an ATH of $ 63,000 about a week ago, it is quite unfortunate that in the last few days the first coin has failed to hold that price even. after several seals of approval from traditional asset management companies and tops. banks.
BTC peers. April 22, 2021. While the price of Bitcoin is expected to rise further, experts predict an altcoin takeover, which they say is long overdue. These events remind us of the crypto bull run of 2017 and 2018 which saw altcoins like, and Ethereum take control of the market.
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