On the background of the continuing decline of market capitalization of cryptocurrency, bitcoin index of dominance exceeded 50%, which corresponds to December values.
In recent times the proportion of bitcoin was as significant in the second half of December 2017. Then the price of the first cryptocurrency has reached its historical high close to $20 000.
The current weighted average rate of the “digital gold” is in the neighborhood of $6158; capitalization of bitcoin of $105.9 billion, about $1.5 billion more than the total value of altcoins on the market. The total market capitalization of crypto-currencies is $210,35 billion.
The graph below shows that over the past few months, the share of bitcoin in the market has grown steadily. Thus, in comparison with the values of the beginning of may, the index of dominance of the first crypto-currencies have increased by 14%.
The chart also noticeable as on the background of the growing popularity of BTC is gradually decreased capitalization of the most liquid altcoins.
Recall a few days ago, CoinDesk analyst Omkar Godbole suggested that the bears will push the price of bitcoin to the psychological mark of $6000.