• Magdalena Gołębiewska

Bitcoin market dominance climbs to over 60% - highest in over 2 years

  • Bitcoin’s (BTC) parabolic advance over $12,000 has taken its market dominance above 60% for the first time since April 2017, data from CoinMarketCap confirmed on June 26.

  • Following its rapid appreciation in recent days, the bitcoin price reached levels not seen since immediately after the end of its 2017 bull run.

  • As a result, BTC dominance of the overall cryptocurrency market cap is now 62% - more than at any time in the past two years. 

  • Bitcoin’s market cap now stands at $226 billion out of a total crypto cap of $365 billion.