Bitcoin General News

For the first time in 2018, Bitcoins market cap hits 50% more than all other cryptocurrencies

Bitcoin Rank

On August 11th, 2018 the market cap of Bitcoin reached 50% more than the all other cryptocurrencies. Bitcoin was started by Satoshi Nakamoto in early 2009 and it has always been the number one cryptocurrency by market cap as well as price. On 11 August 03:00 UTC on coinmarketcap Bitcoin made 50% of the entire cryptocurrency market capitalization.  

At the time of writing this article, the market cap of Bitcoin is $105,387,438,896 and the price for one Bitcoin(BTC) is $6,126. The price of Bitcoin has dropped by 5.35% in the last 24 hours.

The Bitcoin charts show that Bitcoins(BTC) dominance rate has been growing steadily over the last few months. There has been a 14 percent rise in price from May 1st. While other cryptocurrencies have been on a decline and the dominance rate has reduced.

According to coinmarketcap, the price for one Bitcoin was $17,605, the last time Bitcoin had a dominance rate over 50 percent which is over 65% of the current market rate.

About the author

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Mailynne Calvin

For the past nine years, Mailynne has worked with small- to medium-sized business organizations and teams on anything related to operations, digital marketing, and web development. Currently Mailynne serves as the COO of a software company called Bento.

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