Last week, a crash sank the price of Bitcoin by 10% in one day. Doom and gloom. This week, everything’s different: The crypto markets are sailing to greener pastures and Bitcoin’s way up, even though its dominance over the market has plummeted to a seven-month low.
Bitcoin’s price is now more or less back where it left off before the crash. Though not quite able to recapture its former all-time high of $61,684 set three weeks ago, it’s currently valued at $59,668.
That said, Bitcoin’s market dominance is at a seven-month low. At the turn of the new year, Bitcoin dominated 72% of the market. 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.
Bitcoin is an NPC today
All this means that Bitcoin is no longer center stage.
Take Ethereum, the second-largest cryptocurrency by market c
Źródło: https://decrypt.co/63860/bitcoin-dominance-falls-to-7-month-low-as-altcoins-surge
