The Bitcoin (BTC) market capitalization dominance currently being at its lowest level in seven months is not exactly bad news. Why? Because the lowest Bitcoin dominance indices have historically coincided with a higher bitcoin price. Bitcoin Dominance Slips Despite Price Gain According to CoinMarketCap data, the BTC market dominance now stands at 50.8 percent. This figure represents the lowest market dominance since mid-August 2018. Data shows that Bitcoin’s share of the total cryptocurrency market capitalizationRead MoreThe post Why Bitcoin Dominance Dropping to 7-Month Low is Bullish for Price appeared first on Bitcoinist.com.
