Bitcoins (BTC) parabolic advance over $12,000 has taken its market dominance above 60% for the first time since April 2017, data from CoinMarketCap
Following its rapid appreciation in recent days, the bitcoin price reached levels not seen since immediately after the end of its 2017 bull run.
The successes have come at the expense of altcoins, which have so far failed to produce similar performance. As a result, BTC dominance of the overall cryptocurrency market cap is now 62% - more than at any time in the past two years.
Bitcoins market cap now stands at $226 billion out of a total crypto cap of $365 billion.
Bitcoin commentators rejoiced at the latest dominance figures, with the Twitter account known as Armin van Bitcoin adding he distrusted CoinMarketCap and that the actual number was closer to 95%.
Practical evidence proves the power and stability of Bitcoin.