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?
I don't think there is something especial about that matter, price fluctuation is normal in every currency. Volatility I'd in the nature of every crypto currency so I think everything is normal. Competition is normal in every market that's why there are times that it was down and sometimes it is gaining it's dominance. It all depends on the number of people who are patronizing the product.