Bitcoin has become uninteresting to speculators

The cryptocurrency market continues to grow slowly. The total capitalization is $216 billion, the market added almost $6 billion per day. But unlike previous periods, the reason for this growth is not the number one currency - Bitcoin.

The dominance of BTC has slightly decreased, and now the share of BTC is 52% of the market as a whole. In the absence of significant information about bitcoin, and in comparison with the September dominance indicators at 57%, a decrease of 5% causes a strong reaction of the media, which write about the “redistribution of the market” and that “bitcoin collapsed”.

But to say that bitcoin is losing ground is not entirely correct. The range of BTC Dominance is held in the region of 51-57% since mid-August. At the same time, since may, the share of Bitcoin has increased significantly, adding about 15% - from 36 to 51%, respectively.

Meanwhile, while Bitcoin is "in limbo" against the background of waiting for the issue with the receipt of institutional funding, altcoins behave more volatile.

So, during the week, the active growth was shown by Ripple (+20%), about the reasons and further prospects of which I wrote in previous reviews.
But even more impressive growth, quite in the spirit of “old times” showed Bitcoin Cash, adding +54% growth for the week. The reason for this growth was the upcoming hard fork of the coin, which will be supported by the Poloniex exchange. That is, the exchange will give access to trade two coins at once, if a new token appears as a result of the hard fork.

Hardfork is scheduled for November 15. After this date, the network Aldona can be divided as two teams of developers are incompatible with each other customers SV Bitcoin and Bitcoin ABC.

Major crypto-exchanges such as Coinbase, OKEx and Binance have already announced their readiness to support Bitcoin ABC software. And Poloniex went the other way - its representatives announced that they would support both tokens, since only the community should decide which network to support, and the exchange should remain neutral. By the way, with such neutrality Poloniex will be able to increase the share of commissions, which means to get additional profit.