Cryptocurrency

01/07/19 10:00 UTC-4

Bitcoin dominates the crypto-currency market for more than 18 months

The dominance of Bitcoin currently stands at 61.4%, which is the highest level in the past year and a half. Rising prices is an important factor and altcoins are diligently trying to keep up with the market leader.

 

Bitcoin is a market leader

The dominance of BTC has increased by more than 10% over the past two months and has been steadily increasing since January 2018. Compared with the level of dominance in January 2018, at 32.4%, it almost doubled.

Interesting in the section: Advantage of Bitcoin over normal cash

2017 was marked by fierce competition between Ethereum and Bitcoin for dominating the cryptocurrency market. Currently, the total market capitalization of all cryptocurrencies is 317.7 billion dollars, of which 195 billion dollars accounted for Bitcoins, and 31 billion dollars for Ethereum. Currently, the dominance of Ethereum is only 10%.

Bitcoin price has grown by almost 300% since the beginning of the year, and the market is full of optimism.

The dominance of BTC in the cryptocurrency market currently stands at 61.4%. Recall that the complexity of miningMining
– is a type of activity for creating new blocks in the Blockchain to ensure proper system operation. Details
the first cryptocurrency has increased several times after the rapid growth rate. According to BlockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
.com, the amount of computing power for obtaining the first cryptocurrency is 68,631,992 TH/s.

Editor: Jerg Wos

See also: "The Central Bank of Uganda warns the public about the high risk of cryptocurrency"

#cryptocurrency #cryptomarket #bitcoins #altcoins #Ethereum

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