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Despite BTC’s Price Rollercoaster, This New Astounding Report Suggests Its Dominance Is Actually Above 90%

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Bitcoin’s (BTC) dominance has been on the rise since the beginning of this year. As the price recovered from 2018’s lows, so did the dominance. At the beginning of the year, BTC dominance stood at about 51% and has since risen to close to 70% presently according to CoinMarketCap.

However, with the prevailing economic uncertainties, BTC has been hovering around the $10,000 level and at times losing grip of the $10k psychological level. At press time, BTC is exchanging hands at $10,118.13 as per CoinMarketCap.

Nonetheless, a new report by Arcane Research indicates bitcoin’s dominance is a little above ...

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