BTC dominance — a measure of Bitcoin's share
of overall cryptocurrency market cap — hit a five - month high on Monday.
Not exact matches
Although the start
of 2018 has seen the
overall market cap of cryptocurrencies decline, many investors have high hopes for litecoin to pick up speed again and continue on from last year's impressive gains.
From July 1st to Dec. 10th, bitcoin dominance (or its percentage
of total
cryptocurrency market capitalization) increased from 41 % to 66 % - even as the
overall market cap of all
cryptocurrencies was increasing outside
of bitcoin.
The
overall cryptocurrency market cap valuations have touched to a staggering $ 170 Billion (at the time
of publishing this article) and so it being closely monitored by several financial institutions and regulatory bodies.
At the beginning
of the month, CoinMarketCap, an online source for
cryptocurrency market capitalization figures and price movements, decided to unexpectedly remove South Korean exchanges valuations from its reported averages, causing a significant decline in the
overall market cap and individual currency prices.
Grim Reading For Bitcoin Forks In an analysis
of 63 top
cryptocurrencies by
market cap, one online commentator drew attention to
overall retraction
of prices versus their all - time highs.
Overall, the
cryptocurrency market cap is now over $ 150 billion, roughly the size
of Algeria or Iraq's GDP.
That's enough for 30th place among active
cryptocurrencies in terms
of overall market cap.
He believes crypto is a massive bubble and it could explode with an epic slide, wiping more than 90 % value from the
overall market cap of cryptocurrencies.
In an analysis
of 63 top
cryptocurrencies by
market cap, one online commentator drew attention to
overall retraction
of prices versus their all - time highs.