Bitcoin Dominance Rate Hits 50%
Bitcoin [BTC] now makes up 50% of the entire cryptocurrency market capitalization. Shortly past 03:00 UTC on August 11, CoinMarketCap’s bitcoin dominance rate – an indicator that tracks the percent of the total cryptocurrency market capitalization contributed by the leading cryptocurrency – reached 50 percent for the first time since December 19th, 2017. At press […]
Bitcoin Price Plummets to Mid-$6,000
Yesterday, bitrix.fi reported that the volume of BTC and the rest of the crypto market have dropped substantially since late July, by more than 30 percent. Given the failed recovery of Bitcoin’s volume and the overly strong downtrend of the crypto market, bitrix.fi reported that the price of Bitcoin will likely drop to mid-$6,000. “The […]
