There’s a buzz in the cryptosphere today. Bitcoin dominance hasn’t been this low since last August. Google trends show that interest in Bitcoin hasn’t been this low since last April. Are we in the quiet before the storm or status quo? Dominance is hovering just above 50%. A result of “alt season,” money rapidly flowing into altcoins and a relatively stagnant Bitcoin price conspire to lower the actual position of Bitcoin. But not by much. Bitcoin’s market capitalization can still fit hundreds of other cryptos within it. This Isn’t 2015 or 2017 – The Market Is Far More Crowded Some
The post Bitcoin Dominance Drops Near 50% – Boom on the Way? appeared first on CCN
Read the original post: Bitcoin Dominance Drops Near 50% – Boom on the Way?