Bitcoin’s share of the crypto market nears 3 month high

posted 6 months ago
Bitcoin’s share of the cryptocurrency market hit an 11-week high on Thursday, data from CoinMarketCap shows. Bitcoin’s dominance rate reached 55% on Dec. 6th, which is its highest level recorded since Sept. 20th.

What the development suggests is that traders may be shifting funds from alternative cryptocurrencies into the world’s largest coin by market capitalization, or at least demand for Bitcoin is outpacing other networks.
Tags: bitcoin, news