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Bitcoin (BTC) Dominates 90% of Adjusted Market Capitalization

Published 08/22/2019, 07:32 AM
Updated 08/22/2019, 08:41 AM
© Reuters.   Bitcoin (BTC) Dominates 90% of Adjusted Market Capitalization

In 2019, any hopes of an altcoin season were lost, as various coins and tokens keep shedding value. There is only a handful of assets that have outperformed Bitcoin (BTC) this year, and the reported BTC market cap dominance has grown to about 68.8%.

At some points in history, both leading altcoins and a collection of small-scale assets have challenged the market dominance of BTC, which fell to a low of around 32% last December. However, altcoins and tokens are much more illiquid and volatile.

Based on a study by Arcane Research, the adjusted BTC market cap dominance is closer to 90%. The reason for the adjustment is the potentially low volume for newly created altcoins. Despite the cre...

This article appeared first on Cryptovest

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