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Monday

19 April 2021

Bitcoin Dominance Falls to 7 Month Low as Altcoins Surge - Decrypt

Bitcoin Dominance Falls to 7 Month Low as Altcoins Surge - Decrypt


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This week, everything’s different: Thecryptomarkets are sailing to greener pastures and Bitcoin’s way up, even though its dominance over the market has plummeted to a seven-month low. .

That said, Bitcoin’s market dominance is at a seven-month low.

But the power of the coin has been in freefall, and market dominance has since declined to 58.47%.

Market dominance assesses how the market capitalization of a particular currency stacks up against the total market cap of tradable cryptocurrencies.

It’s grown by 30% since this time yesterday and has enjoyed a 91% increase in price since this time last weekend. 

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