Bitcoin Market Dominance Surpassed 61%, Highest Mark Since 2017

Bitcoin Market Dominance Surpassed 61%, Highest Mark Since 2017

Bitcoin surprised its fans and users once again. Bitcoin has been showing a tendency for steady growth for the last couple of weeks. It soared from $8000 in the middle of June to $12659 – the price at the time of writing. Such growth tells us a lot, let us discuss it.

Read more:

Bitcoin Entered the Top Ten Largest Financial Systems in the World

The most notable thing is that Bitcoin market dominance has surpassed 60% and now accounts for 61.9% which is the highest mark since 2017. As you may see from the picture provided by CoinMarketCap, the high rank of Bitcoin dominance occurred back in December 2017 when the price of Bitcoin reached its all-time high. Then there was a significant drop in the dominance of the world’s first cryptocurrency. After 17 months, Bitcoin has finally returned its high dominance in the crypto market.

Source: CoinMarketCap

The price of Bitcoin has increased by 11.73% or nearly $1400 over the past day. We hope, the price of the most popular crypto coin will continue to please its fans.

We remind you:

Bitcoin Soared To $9400: Three Reasons of Its Spike in Price

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