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.