Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.
Source: (https://coinmarketcap.com/charts/#dominance-percentage)
Any ideas about why this is happening?
Source: (https://coinmarketcap.com/charts/#dominance-percentage)
Any ideas about why this is happening?
IT might be because that people are now starting to believe in bitcoin in a way that it is becoming more palatable than other cryptocurrencies just because of its longevity and that it is still higher than some of the other currencies. It might also be that the influence and popularity of bitcoin is spreading.