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Bitcoin dropped again after almost a week of stabilization. In Brazil, at the time of writing this report, according to the IPB Price Index, the price of bitcoin is 23 042 reais, a decrease of
The devaluation of the BTC already accumulates by -18% in June alone and by -4% in the second quarter. Since the beginning of the year, Bitcoin has already fallen by almost 50%. The market value of cryptocurrency is currently $ 100 billion
Bitcoin's market share is increasing
The Bitcoin market has reached its highest level in 70 days – a sign that investors are likely to withdraw their money Cryptocurrency money From the CoinMarketCap, the indicator rose to over 43%, the highest level since April 14th. The dominance index is an indicator that monitors the percentage of the total market value of a cryptocurrency relative to the overall market. Thus, a rising dominance rate essentially means that the demand for bitcoin is higher compared to others.
A flow to bitcoin is generally seen in the moments leading up to a high since it is a common path for fiduciary money
For example, BTC's dominance rate has gone from 38 % to 66.5% in the six months ending December 2017 – a period when the cryptomaniac increased from $ 1,760 to $ 20,000. However, it also tends to increase during periods of risk aversion – when investors leave the altcoins, which involve a higher risk, and move towards bitcoin and eventually to fiat money.
Cryptomedes follow the fall [19659007] The whole market is working in decline. In the last seven days, only Monero (XRM) works on the positive.
The total market value of Crypto-Coins returned to US $ 230 billion, even in November 2017 and 2018.
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