Bitcoin's Market Share Increasing: Highest Since Dec. 2017
With all the concern over price volatility concerning Bitcoin, the bright-side of the current situation is that Bitcoin's market share has been steadily going up since the beginning of the year, and is at its highest point currently, according to coinmarketcap.com.
Though the entire market cap for cryptocurrencies is at $274 billion, nearly half the value at its hight of $500 billion, Bitcoin itself is regaining its dominance within the market, currently at 45.66%. What this indicates is that investors may be thinking differently about the other altcoins holdings. This year has heralded lots of concern and government regulation, worldwide, in response to the boom of (and dying-off of) ICOs in the market. As Bitcoin's popularity and adoption has been organic, and not the result of marketing or a promise of getting rich quick, committed investors seem to be shifting their crypto investments back into Bitcoin. As businessinsider.com reported, Joe DiPasquale, founder of BitBull Capital, had this to say: