The price of Bitcoin is the lowest since the end of June.

Bitcoin is down again and next to it the rest of the cryptocurrencies. But even when its price has gone down, its dominance of the market has increased, surpassing more than half of the capitalization of the entire crypto market. It is striking that this happens when, in addition, in the last week numerous new cryptocurrencies have been added to the list of CoinmarketCap, now the number is 1818, when just two days ago there were 1785 crypts.

But let's see the panorama.

When it's 11:20 am in New York, Bitcoin has a price of USD $ 6,159.79, 4.99% less than yesterday at the same time. It is its worst price since June 29, when it reached below USD $ 6,000. However, in some exchanges such as Bitstamp, the price of the main crypto arrived today at USD $ 5,995.

The number of Bitcoin transactions in the last 24 hours is just over USD $ 4 billion. It is striking that although it is low, for the first time this year, its dominance of the crypto market exceeds 50.8%. That is to say, with a current capitalization of USD $ 105 billion, it has most of the USD $ 208 billion that is worth the total of the crypto market at present. And why? Because although Bitcoin went down and although there are more listed currencies, most of the crypts that follow it in capitalization had falls greater than those of Bitcoin.

Ethereum suffered a fall of 13.57% with respect to yesterday's, thus reducing its weight in the market. The same happened to the next crypto ranking, Ripple, which fell 12.15%. Bitcoin Cash was down 7.35%, EOS 10, $$%, Litecoin 9.64% and Cardano 7.67%. Of the top 100 cryptocurrencies, 96 fell in price. For some analysts, the main cause is related to the disappointment of investors who find that a new Bitcoin ETF will not be possible. However, it seems unlikely that this is the most important reason, since, in our opinion, a large part of the answer lies in the enormous number of transactions with BitMEX derivatives (a p2p platform based in the Republic of Seychelles) and with BitForex in exchange with Tether. In both cases, Bitcoin prices are below market prices.