The Bitcoin dominance is down to 67.5%, which is around one percent lower than what we had 24 hours back. And surprisingly it is not established altcoins such as Ethereum or Litecoin that is giving the biggest challenge to Bitcoin in its quest to dominate the cryptocurrency market. The coin which had the highest 24 hour price change (among the top 10) was Bitcoin Cash, which went up by 7%.
Both Ethereum and Litecoin have not managed to breach the major resistance levels. Ethereum is still trading at 0.0198 BTC per coin, while Litecoin is trading at 0.0063 BTC per coin. XRP is performing well, and has reached a price of 3222 Sat. Out of these three coins, only XRP has managed to move forward during the last 1-2 months. Others have all lost their value against BTC.
We can see that as of now, I am not sure if bitcoin was the first cryptocurrency but it is simplified that bitcoin dominated every other altcoin in terms of price and volume, maybe because it is the most used cryptocurrency, it is using in every different way, in terms of paying bitcoin is being used, also in online gambling it is being used as money or bet, in investing it is being used for you to be able to support particular project they do not need your fiat but they are only accepting bitcoin as an investment. I can simply say that bitcoin is for universal use as it is being recognized all around the world, I have read also some news that in other countries they have ATM machines that is bitcoin based meaning if you want to buy some bitcoin you can do it physically you dont need some internet. This is actually good. Bitcoin is becoming famous as time goes by.