39 days ago • Posted by Charles-Henry Monchau

Bitcoin market dominance keeps declining

The past weeks have not only seen a large expansion of the market cap of ethereum but also of other coins such as Binance Coin, Dogecoin, Litecoin, Ethereum Classic, and others. This expansion has shifted the market cap of cryptocurrencies excluding Bitcoin and Ethereum and as well as stablecoins to a staggering $800bn with the share of bitcoin in the total crypto market falling steeply from around 60% to 45% over the past month. Source: JP Morgan, www.zerohedge.com 

Share of bitcoin as a percentage of cryptocurrencies total market cap