Crypto News

The dominance of bitcoin temporarily exceeded 70%

On Saturday, October 26, in parallel with the strengthening of the exchange rate of bitcoin, an increase of the index of dominance of the first cryptocurrencies. This drew the attention of an ardent supporter of the BTC under the name PlanB, who recently expressed the view that in 2020, the coin could soar to $100 000.

Tweet this bitcoin optimist’s post in which he noted that the dominance of BTC exceeded 70%.

In the night of Sunday, the figure began to decline along with the weakening of the BTC. Now the dominance of the first cryptowall is 68,2%, and as noted by the trader Ding, most likely, we will have to wait for a long period of decline.

Note that in the middle of this week, the dominance of bitcoin first since the beginning of August fell below 66%.

In cryptosuite popularity started to use the point of view that this indicator will decline further. Is not excluded that the dominance of BTC will fall below 50% in the first half of 2020.

Source:

coinspot.io

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button

Please disable your ad blocker

We know you are here for the stories. Not the ads. But we need the ads to keep the lights on. So please whitelist Buzzon.live.