Bitcoin Steady Near $59K; Gains in Altcoins Push Crypto Market Cap to $2T
"As altcoins rise, bitcoin’s market dominance is down to around 57% from near 73% at the beginning of the year."
While Bitcoin price hits the high price of 59K but with a drop of dominance gradually, investors are putting money not only to Bitcoin but also to the altcoins markets.
Image Souce: MyTradingInfo
"As altcoins rise, bitcoin’s market dominance is down to around 57% from near 73% at the beginning of the year."
While Bitcoin price hits the high price of 59K but with a drop of dominance gradually, investors are putting money not only to Bitcoin but also to the altcoins markets.
Image Souce: MyTradingInfo
Bitcoin has more than doubled in value over the last month, and risen over 30% in 2021 so far. It is now more than 400% higher than it was a year ago, according to Bitstamp, causing critics to question the rally's sustainability.
The rally has been driven by the huge amounts of money being pumped into economies by governments and central banks amid the coronavirus crisis.