Market Update :- Btc Dominance On Highest of 2018
The world's leading cryptocurrency - Bitcoin ,still going on Red days but its market share is increasing day by day .
Yesterday Bitcoin's Dominance went up to 51.8% but currently its running between 50 - 51 %. This is the highest Bitcoin Dominance since December 2017.
Bitcoin Market Share Up But Price Going Down.
What actually happend is that bitcoin started declining from $8,000 and one by one broke all the supports and now the major support of $6,000 holding it . The main matter is that price is decreasing but Bitcoin dominance is increasing it went up to 51.8% the highest of 2018.
This has directly effected on price if other altcoins because many of the altcoins today are on the lowest rate of 2018 . Good coins like Neo , Ltc , Ethereum , Ripple and many more are available on the lowest prices of 2018 .
Current status of market :-
Market Cap: $213,891,135,203
24h Vol: $12,440,738,282BTC
Dominance: 50.8%
Bitcoin M.Cap. - $108 billion
Why all this hapening ?
The main reason for declining of bitcoins price is that the SEC’s announcement that they will delay the decision. People have higher hopes that this time Etf will be approved but a little delay can cause massive disaster as we all can see in market .
Despite of many good and positive news bitcoin has not showed any sign of growing up .
ICE announced a new project – a digital asset platform dubbed Bakkt in collaboration with marquee companies such as Microsoft, Starbucks, BCG, and others . According to biggest teaders of cryptocurrency this was the biggest news of 2018 .
Goldman Sachs are reportedly going to start managing Bitcoin for its clients, responding to their serious interest.
So much of positive news in a week but still its drropping down . So , here we can say thats currently its fully a manipulated market . But bitcoin is holdings its $6,000 level . That is a major support for bitcoin . That is more important bcoz if this level was broke then we we can se a major fall.
Lets see what we can see in next coming days .
