Bitcoin dominance in the crypto market reaches 80%

Bitcoin dominance in the crypto market reaches 80%

Bitcoin Maximalist Max Keizer recently claimed that Bitcoin’s dominance in the crypto market is 80% and that altcoins will disappear. The statement was made on Twitter on August 6:

“Bitcoin dominance is 68.2% and is 80% – because altcoins are disappearing in favor of BTC. The 2014-2017 era of altcoins and hard forks is dead. ”

#Bitcoin dominance 68.2% – heading to 80% – as highs in favor of BTC. The 2014-2017 era of highs and hard forks is dead. Also be the last to rotate out of alt into BTC.

– Max Keiser, tweet poet. (@Maxkeiser) August 6, 2019

He also urged traders in the crypto market not to lag behind when it comes to investing in Bitcoin.

Bitcoin dominance growing

CoinmarketCap calculates a dominance of 68.25 for Bitcoin, while Coin360 is 69.25. Currently, the BTC market cap is approximately $ 207 billion, out of a total crypto market of over $ 303 billion.

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But many other analysts point out that high altcoins prices have seen significant increases this year.

Bitcoin reaches $ 15,000 this week

On August 3, Keiser also claimed that Bitcoin will reach $ 15,000 this week:

“I feel that Bitcoin will reach $ 15,000 this week. Confidence in central governments, central banks and centralized fiat money is at a very low level, which has not been registered for several decades. “

Other sensing #Bitcoin will cross $ 15,000 this week. Confidence in central governments, central banks, and centralized, fiat money is at a multi-decade low.

– Max Keiser, tweet poet. (@Maxkeiser) August 3, 2019

Currently, the BTC price fluctuates around $ 11,600, having managed to reach $ 12,200 during the day yesterday.

BTC price fluctuates around $ 11,600


Circle CEO Jeremy Allaire agrees that geopolitical conflicts are driving BTC growth:

“You can see very clearly some macro correlations there. I believe that the participation of Bitcoin in these global macro forces is becoming increasingly clear. The rise of nationalism, the rise of currency conflicts, the trade wars, all of which, of course, support a digital deposit of non-sovereign value, very safe. “


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