The dominance of the bitcoin cryptocurrency shows new highs in 2018
While bitcoin (BTC) which is trading red day in a row, the world’s leading currency extends its advantage in the race by market capitalization, the total share of which now accounts for 50% and shows the highest value since December of 2017.
According to CoinMarketCap, the total market capitalization of bitcoin is currently valued at $105 billion.
Tom Lee, co-founder and chief analyst at Fundstrat Global Advisors, recently said that raising the level of dominance of bitcoin is a sign that the recovery continues.
A sharp decline in the price of bitcoin was supposedly caused by the statement by the SEC that the regulator will delay a decision on the expected supply bitcoin ETF from VanEck/SolidX, supported by the Cboe. Oddly enough, this move was expected.
In addition, over the past few weeks there have been a series of positive news, which could not affect the negative price movements.