Bitcoin market dominance approaches 60%

in bitcoin •  2 months ago

That would be the highest level reached in 2018.

Bitcoin dominance increases in bear markets and decreases in bull markets.

If things keep going like this, bitcoin may get up near those long term dominant levels around 80%.

How dominant will bitcoin get?

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@jondoe Pretty good.

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Thanks.

Guess that is where money needs to be invested; all others could rally, but may not be a “store of value”.

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Ether had mostly moved with bitcoin the last 2 years, well bitcoin is flat the last 2 weeks and ether is down 40%. It is looking like bitcoin is actually mostly treading water compared to everything else. A store of value indeed.