Bitcoin now represents almost 70 percent of the entire market capitalization. Its dominance index currently sits at 69.6%, which is the highest it has been since way back in March 2017. Naturally, altcoins have been suffering in response, as they keep getting crushed, especially when trading against Bitcoin, Bitcoin Is King The cryptocurrency market has gone through a lot of different cycles in its relatively brief period of existence. At some moments, it was even well-balanced. For instance, back in January 2018, Bitcoin represented only 33% of the total share, with the rest distributed among a variety of altcoins. ... (full story)