Bitcoin Dominance Soars Above 55% After Meteoric Rise to 2019 High

[AMANPURI OFFICIAL INDONESIA]

The bitcoin price on Friday jumped 7.48 percent to establish a fresh five-month high towards $5,864. The uptrend further pulled altcoins out of their bias conflict scenarios.

Ethereum, for instance, printed 4.5 percent gains against the dollar in the last 24 hours. Similarly, XRP, EOS, Bitcoin Cash, Litecoin, and others also trended in positive territory after a week of sideways action.



Nevertheless, the top altcoins underperformed against bitcoin. The last 24 hours saw Ethereum dropping 1.85 percent of its value against the king cryptocurrency. Similarly, Ripple’s XRP plunged 3.76 percent, Stellar dived a whopping 5.23 percent, and Cardano and Tron fell close to 3.5 percent each against bitcoin. Only Dash and Binance Coin managed to hold their gains.

The move helped bitcoin strengthen its dominance in the cryptocurrency market. Against a 33.41 percent control recorded on January 8 last year, the bitcoin market today covered more than 55 percent of the total cryptocurrency market. The statistics showed that more traders were flocking towards bitcoin during interim bullish sessions.

source: https://www.newsbtc.com/2019/05/03/bitcoin-dominance-soars-above-55-after-meteoric-rise-to-2019-high/

[damsix]

Bitcoin prices rise 7.4%
The price increases 4.5%

Seeing in terms of circulation of money, then surely Bitcoin is superior in total finance.
And I'm sure other altcoins besides ETheruem are still following in the steps of Bitcoin. #Classic