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After the jump of more than $ 20 billion last week, the crypto-market maintained its top level. Market capitalization is currently around $ 290 billion, well above the $ 255 billion measured by CoinMarketCap a month ago. And: The market capitalization is far from over 300 or even 400 billion dollars measured in May or June.
While Bitcoin (BTC) is currently growing towards $ 8,000 (currently about $ 7,700), which are paid on exchanges for BTC), the remaining Altcoins market trailing behind Bitcoin. Ethereum (ETH), for example, fell back below the 500 dollar mark after a short high, and the ripple (XRP) is worth again less than the 0.5 a week ago. Other crypto badets like EOS, Litecoin or Stellar (XLM) are not growing as strong as Bitcoin.
The increased demand for BTC and weakening demand for Altcoins is reflected in the dominance of the Bitcoin market. 133 billion of the total market capitalization of 290 billion is found with BTC – that's 46 percent. Bitcoin significantly expands its market position relative to other badets such as Ethereum (ETH), Bitcoin Cash (BCH) or Ripple (XRP) – traders seem reluctant to invest in Altcoins and play cautiously with purchases BTC. [19659004]
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