The price of Bitcoin and its further prospectsThe main crypto-currencies have struggled to maintain their upward momentum, provided earlier this week. Bitcoin fell again below the $ 10,000 mark, while Ethereum is very careful to exceed the threshold of nine hundred dollars.Earlier this year, the Bitcoin dominance index hit a record high. Throughout the recovery period in February, the Bitcoin dominance index, which measures its share of the entire crypto-currency market, rose significantly to about thirty-nine percent, largely because of the fact that most of the currencies in the market followed the price trend of Bitcoin itself.
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Actually the dominance of bitcoin keep decreasing from year to year it was around 51% in 2017 but later it went to 35% now it increased a little bit tp 39% so actually the dominance also recovering when the price increases but it is a good percentage of dominance it shows that people also start using altcoins too it is good for the future of bitcoin too,if bitcoin dominance increases too much then it will become unusable.