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Bitcoin Dominance Hits Two-Year High
Bitcoin dominance is now at 68%, the highest level of the past two years. In a recent report, Binance researchers indicated that these “historical” levels represent a “triumph” for BTC, as other cryptocurrencies lose ground. Or, to put it more briefly: Bitcoin is the biggest cryptocurrency, with twice the market share of every other digital asset combined. That’s the simple definition, but what does Bitcoin’s market dominance actually mean in practice? There’s a lot to consider – not just in Binance’s new report, but also Bitcoin’s past market data. Bitcoin reached 64% dominance at the end of ... (full story)